Norway set for quarter-point hike as peak rate nears

Norges Bank will probably raise the benchmark deposit rate by 25 basis points to 4% – the highest level since the 2008 financial crisis, according to all 17 economists in a Bloomberg survey. — Bloomberg

Oslo: Norway’s central bank is poised to slow the pace of monetary tightening this week in what may prove its penultimate step in this hiking cycle.

Norges Bank will probably raise the benchmark deposit rate by 25 basis points to 4% – the highest level since the 2008 financial crisis, according to all 17 economists in a Bloomberg survey.