TRONDHEIM, Norway, Oct 26 (Reuters) - Norwegian interest rates will remain low for a significant period of time, the head of the central bank said on Friday.
“We’re not flagging a steep rate increase, it will be very gradual, rates will remain low, moderate for a long time,” Governor Oeystein Olsen told a business conference.
“We emphasise that the increase will be gradual,” he added.
On Thursday the board of Norges Bank kept rates unchanged at 0.75 percent and said a hike would likely take place in the first quarter of 2019. (Reporting by Camilla Knudsen, editing by Terje Solsvik)