Financial News: Norges Bank Signals Rate Hike Ahead

Norges Bank Signals Rate Hike Ahead

06/18/2026 - 13:44:00 (RTTNews)

(RTTNews) - Norway's central bank left its key interest rate unchanged on Thursday but hinted at a rate hike in one of the future sessions to bring the high inflation back to target.

The Monetary Policy and Financial Stability Committee decided to keep the policy rate unchanged at 4.25 percent at its meeting on June 17, the Norges Bank said in a statement. The bank had raised the rate by 25 basis points in May.

New information indicates that inflation pressures are slightly stronger than we had anticipated earlier, Governor Ida Wolden Bache said.

"We expect that a somewhat tighter monetary policy stance will be needed to bring inflation down to target within a reasonable time horizon," Bache said. "If developments turn out as currently envisaged, the policy rate will be raised at one of the forthcoming monetary policy meetings."

Norges Bank said that the policy rate forecast was a little higher than in March and stands just above 4.5 percent at the end of the year. The bank expects inflation to decline from 2027 and reach 2.0 percent in 2029.

There is substantial uncertainty about the economic outlook, the bank said.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

Norges Bank Signals Rate Hike Ahead (01 hr(s), 29 min(s), 04 sec(s) ago)
(RTTNews) - Norway's central bank left its key interest rate unchanged on Thursday but hinted ...Full Story»

Treasury Reveals Details Of Two-Year, Five-Year & Seven-Year Note Auctions (03 hr(s), 46 min(s), 04 sec(s) ago)
(RTTNews) - The Treasury Department on Thursday announced the details of this month's auctions ...Full Story»

U.S. Leading Economic Index Edges Higher For Second Straight Month In May (04 hr(s), 52 min(s), 04 sec(s) ago)
(RTTNews) - A report released by the Conference Board on Thursday showed its reading on leading U. ...Full Story»

Philly Fed Index Jumps Back Into Positive Territory In June (05 hr(s), 13 min(s), 04 sec(s) ago)
(RTTNews) - Philadelphia-area manufacturing activity expanded overall in the month of June, accord ...Full Story»

Bank Of England Keeps Rate Unchanged As Expected (05 hr(s), 24 min(s), 04 sec(s) ago)
(RTTNews) - The Bank of England left its key interest rate unchanged on Thursday as inflation slow ...Full Story»

U.S. Weekly Jobless Claims Pull Back Off Four-Month High (05 hr(s), 34 min(s), 04 sec(s) ago)
(RTTNews) - A report released by the Labor Department on Thursday showed a modest pullback in firs ...Full Story»

Philly Fed Index Rebounds Roughly In Line With Estimates In June (06 hr(s), 35 min(s), 04 sec(s) ago)
(RTTNews) - Philadelphia-area manufacturing activity expanded overall in the month of June, accord ...Full Story»

U.S. Initial Jobless Claims Dip Roughly In Line With Estimates (06 hr(s), 39 min(s), 04 sec(s) ago)
(RTTNews) - A report released by the Labor Department on Thursday showed a modest pullback in firs ...Full Story»