December 19, 2019 / 9:10 AM / a month ago

Norway keeps rates on hold and sees no change ahead, as expected

OSLO, Dec 19 (Reuters) - Norway’s central bank kept its key policy interest rate unchanged at 1.5% on Thursday as expected and reiterated its view that rates will most likely remain on hold in the time ahead.

While Norges Bank has raised the cost of borrowing four times in the last 15 months, it has gradually moved away from its hawkish bias as both global and domestic growth eased. (Reporting by Terje Solsvik and Victoria Klesty, editing by Gwladys Fouche)

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