Norway Holds Key Rate, Keeps Prospect of More Easing in 2025

Norway’s central bank kept borrowing costs steady after a surprise cut in June and reiterated its plan to extend “cautious” easing later this year.

Norges Bank kept the key deposit rate at 4.25% on Thursday — matching the forecast of all economists surveyed by Bloomberg. It repeated that the key rate would be lowered further “in the course of 2025,” with no new projections or interest-rate outlook produced for the interim meeting.