Norway hikes key interest rate to 1.75 percent

The Norwegian central bank on Wednesday surprised market watchers by raising interest rates for the second time in the last three months, lifting its key rate by a quarter percentage point to 1.75 percent.

Maintaining however that it plans to keep rates low until the middle of next year, Norges Bank cited renewed economic growth, both at home and abroad, and sharper-than-expected inflation for the move.

To read the whole story visit Business Week.

Films of Norway_bunad
Norwegian American Logo

The Norwegian American

Published since May 17, 1889 PO Box 30863 Seattle WA 98113 Tel: (206) 784-4617 • Email:

You may also like...

%d bloggers like this: