The Norwegian central bank has kept the policy interest rate unchanged at 4.25%, in line with market expectations

On August 12th local time, the Norwegian Central Bank's Monetary Policy and Financial Stability Board decided to keep the policy interest rate unchanged at 4.25%, in line with market expectations. The Governor of the Norwegian Central Bank said, "Inflation has slowed down this summer and is lower than expected. The slowdown in inflation is good news, but the inflation level is still too high. It is too early to assert that the inflation outlook has undergone substantial changes. Therefore, it may still be necessary to raise policy interest rates in the future