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Norges Bank maintains its rate at 4.25% as expected; may still become necessary to raise the policy rate

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Norges Bank held rates at 4.25% on August 13, 2026, but maintained a hawkish stance. Investors watch for a potential September hike as inflation remains above the 2.0% target.

News detail

POLICY The Committee judges that a restrictive monetary policy stance is still needed to bring inflation down to target within a reasonable time horizon. The future path of the policy rate will depend on economic developments. INFLATION Slower inflation is welcome news, but inflation is still too high, and it is too early to conclude that the inflation outlook has changed materially.

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