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Norges Bank’s Monetary Policy and Financial Stability Committee decided to keep the policy rate unchanged at 4.5% at its meeting on 4 November.
At its meeting on 23 September, Norges Bank’s Monetary Policy and Financial Stability Committee judged that a somewhat tighter monetary policy stance is needed to return inflation to target within a reasonable time horizon. The Committee decided to raise the policy rate from 4.25% to 4.50%.
Press releases are sourced exclusively from official central bank websites.
News tone describes the language of the item. Policy stance describes hawkish or dovish language, with evidence strength rather than a probability of a rate change. Neither alone predicts currency direction.
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