Norway's central bank holds rate at 4.50%, as economists expected
Norges Bank kept its policy rate at 4.50%, in line with a unanimous Reuters poll of economists, and said it could still raise rates to fight inflation.
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what happened
Norway's central bank left its policy interest rate unchanged at 4.50% on Thursday, matching the unanimous forecast of economists in a Reuters poll. The bank also signalled that it may still tighten policy to rein in inflation.
Governor Ida Wolden Bache said in a statement that the rate will likely need to stay high for some time. She added that the bank stands ready to lift it if required, in order to return inflation to target within a sensible timeframe.
The Norwegian crown slipped slightly after the decision, trading at 10.44 per euro at 0905 GMT compared with 10.43 just before the announcement.
why it matters
The key signal for markets is the bank's readiness to hike, not the pause itself. Such guidance keeps expectations of tighter policy alive and may support the crown over the medium term, although the currency's move on the day was small.
market impact
NOK: hawkish guidance keeps tightening risk alive, while the crown's reaction stayed small
tags
instruments
sources
- Norway central bank keeps rate on hold, as expected — Reuters, 5 November 2026 at 09:03 UTC
- Norway central bank keeps rate on hold, as expected — Reuters, 5 November 2026 at 09:08 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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