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MNI BRIEF: Norges Bank On Hold "For Some Time", Worried by FX

(MNI) London
Norges Bank leaves policy rate on hold and worries about krone weakness
Policy NewsCentral Bank NewsHomepageNorwayCEEMEANorges BankBriefGlobalStoryRegion

MNI ((MNI) London) - MNI (LONDON) - Norges Bank left the policy rate on hold at 4.5% as expected on Thursday, saying that it was likely to stay there for some time and that it was "particularly concerned" about inflation risks from krone weakness.

In the absence of new economic forecasts, Governor Ida Wolden Bache did not repeat her previous guidance that the policy rate was likely to stay at 4.5% "to the end of the year" and instead said simply that it would "likely be kept at the current level for some time ahead."

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MNI ((MNI) London) - MNI (LONDON) - Norges Bank left the policy rate on hold at 4.5% as expected on Thursday, saying that it was likely to stay there for some time and that it was "particularly concerned" about inflation risks from krone weakness.

In the absence of new economic forecasts, Governor Ida Wolden Bache did not repeat her previous guidance that the policy rate was likely to stay at 4.5% "to the end of the year" and instead said simply that it would "likely be kept at the current level for some time ahead."

Keep reading...Show less