Norway’s Fragile Recovery May Lead Norges Bank to Hold Rates

Norges Bank will probably leave its benchmark rate on hold today and signal a slower pace of tightening as a sluggish recovery among its trading partners casts doubt on the strength of Norway’s rebound.

The central bank will keep the overnight deposit rate at 1.75 percent for a second meeting in as many months, according to the median forecast of 16 economists surveyed by Bloomberg. Four expect an increase to 2 percent. The bank will announce its decision at 2 p.m. in Oslo.

To read the rest of the article, click here.

Source: Business Week