Norway Will Keep Waiting Before First Rate Cut

Norway’s central bank is poised to stick with one of the most hawkish policy stances among advanced economies, holding off on any start to post-pandemic easing until later this year.

In a decision on Thursday, officials in Oslo are widely expected to keep their interest rate at 4.5%, the highest since 2008. Investors will focus on any change to current plans for two cuts this year and a total of 150 basis points of reductions by the end of 2028.