Norway Hikes for First Time Since 2023, Taking Lead in Europe

Globo

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Norges Bank has stated in recent months that it plans to increase loan costs this year

Business Insider (Poland)

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On Thursday, May 7, it decided to raise interest rates by 25 basis points, to 4.25%. This is the first such decision in Europe since the wave of monetary policy easing in 2024-2025.

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Norway's central bank unexpectedly raised its key interest rate by 25 basis points to 4.25 percent on Thursday, surprising most market analysts who had expected it to remain unchanged. The move was prompted by inflationary pressures fueled by strong wage growth and high energy prices: core inflation stood at 3.0 percent in March, well above the central bank's 2 percent target. Norges Bank has changed course after cutting rates twice last year an…

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Frp leader Sylvi Listhaug asks Jonas Gahr Støre to look to Sweden. And challenges Conservative leader Ine Eriksen Søreide after the interest rate is raised.