trending Market Intelligence /marketintelligence/en/news-insights/trending/nHFJCXGrTJEsNxXepIdL6w2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In this list

Norges Bank raises policy rate to 1%, sees another hike in 2019

Street Talk Episode 56 - Latest bank MOE shows even the strong need scale to thrive

South State CenterState MOE Shows Even The Strong Need Scale To Thrive

Talking Bank Stocks, Playing The M&A Trade With Longtime Investor

Report: Kashkari Says Fed In Holding Pattern But Rate Cut Still Possible

Norges Bank raises policy rate to 1%, sees another hike in 2019

The Norwegian central bank raised its policy rate by 0.25 percentage point to 1.0%, as expected, and said it would most likely raise the rate further over the next half-year.

The U.S. dollar dropped against the Norwegian krone immediately after the monetary policy decision and was trading 0.71% lower at 8.44 kroner as of 7:17 a.m. ET on March 21.

Norges Bank said the Norwegian economy has expanded at a stronger pace than expected, with capacity utilization now appearing slightly above a normal level. However, the central bank flagged risks posed by weaker growth prospects and lower interest rates abroad.

"Our current assessment of the outlook and balance of risks suggests that the policy rate will most likely be increased further in the course of the next half-year," Governor Øystein Olsen said. The central bank expects inflation to be close to target in the years ahead, while unemployment is expected to remain low.

The central bank last raised its policy rate to 0.75% from 0.50% on Sept. 20, 2018, marking its first rate hike since March 2011.

As of March 20, US$1 was equivalent to 8.54 Norwegian kroner.