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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.
     Policy rate unchanged at 0.75 percent 
     Norges Bank's Executive Board has decided to keep the policy rate unchanged
at 0.75 percent.
     In Monetary Policy Report 4/18, which was published on 13 December 2018,
the Executive Board's assessment was that capacity utilisation in the Norwegian
economy was close to a normal level. Underlying inflation was close to the 2
percent target. The Executive Board's assessment of the outlook and balance of
risks suggested that the policy rate would most likely be raised in March 2019.
     The outlook and the balance of risks imply a gradual increase in the policy
rate. Global growth is a little weaker than projected, and there continues to be
considerable uncertainty surrounding developments ahead. In Norway, economic
growth and labour market developments appear to be broadly as projected, while
inflation has been slightly higher than expected.
     "Overall, new information indicates that the outlook for the policy rate
for the period ahead is little changed since the December Report", says Governor
Oystein Olsen.
--MNI London Bureau; tel: +44 203-586-2225; email:
[TOPICS: M$E$$$,M$X$$$,M$$EC$]
MNI London Bureau | +44 203-865-3812 |