Norway keep interest rate unchanged at 2 %
Thursday, August 12th, 2010Norges Bank decided today to keep the key interest rate unchanged at 2 %, as expected by Bloomberg forecasts.
Governor Svein Gjedrem explain why:
“Recent developments in the Norwegian economy have been broadly in line with expectations. Activity is rising moderately. Inflation has slowed and is now below 2 per cent”.
Better global growth
Norges Bank find the global economic growth to be slightly stronger than expected. The outlook for Europe is now a bit better, while the growth of the US economy is more uncertain.
OnlineForex.net find it likely that Norway keep main interest rates unchanged at 2 % for another few months.
