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MNI (London)
     LONDON (MNI) - The Norges Bank kept its key policy rate unchanged at 0.75%
following its meeting Thursday.
     The full text of the Norges Bank statement follows.
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     Key policy rate unchanged at 0.75 percent Norges Bank's Executive Board has
decided to keep the key policy rate unchanged at 0.75 percent.
     In the September 2018 Monetary Policy Report, the Executive Board's
assessment was that the economic upturn was continuing and that capacity
utilisation was close to a normal level. Underlying inflation was close to the 2
percent target. The key policy rate was raised from 0.50 to 0.75 percent in
September, and the Executive Board's assessment was that the key policy rate
would most likely be increased further in 2019 Q1.
     The outlook and balance of risks imply a gradual increase in the key policy
rate. Economic growth has been a little lower and inflation somewhat higher than
projected, but the outlook and the balance of risks do not appear to have
changed substantially since the September Report.
--MNI London Bureau; tel: +44 203-586-2225; email: les.commons@marketnews.com
[TOPICS: M$E$$$,M$X$$$,M$$EC$]
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com