FOREX TradingCharts.com

Financial News: Norway Central Bank Unexpectedly Trims Rate By 25

Norway Central Bank Unexpectedly Trims Rate By 25 Bps

06/19/2025 - 05:09:00 (RTTNews)

(RTTNews) - Norges Bank cut its interest rate unexpectedly for the first time in five years as inflation eased somewhat faster than expected and signaled further reduction in policy rate if the economy evolves as estimated.

The Monetary Policy and Financial Stability Committee of Norges Bank unanimously decided to cut the policy rate to 4.25 percent from 4.50 percent.

The bank was widely expected to keep the rate unchanged at 4.50 percent. The interest rate has been at 4.50 percent since December 2023.

"The economic outlook is uncertain, but if the economy evolves broadly as currently projected, the policy rate will be reduced further in the course of 2025," the bank said.

Governor Ida Wolden Bache said, "A cautious normalisation of the policy rate will pave the way for inflation to return to target without restricting the economy more than necessary."

The committee observed that the tightening of policy since December 2023 contributed to cooling down the economy and to dampen inflation.

The committee noted that inflation declined since the policy meeting in March and the outlook for inflation for the coming year suggests lower inflation than previously expected.

"The uncertainty surrounding the economic outlook is now greater than normal," the governor said.

"If the economy takes a different path than currently envisaged, the policy rate path may be adjusted," Bache added.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2025 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


New Zealand Manufacturing Sector Improves In June - BusinessNZ (02 hr(s), 44 min(s), 47 sec(s) ago)
(RTTNews) - The manufacturing sector in New Zealand continued to contract in June, albeit at a slo ...Full Story»

New Zealand Manufacturing PMI Data Due On Friday (05 hr(s), 17 min(s), 47 sec(s) ago)
(RTTNews) - New Zealand will on Friday see June results for the manufacturing PMI from BusinessNZ, ...Full Story»

Thirty-Year Bond Auction Attracts Modestly Below Average Demand (08 hr(s), 48 min(s), 47 sec(s) ago)
(RTTNews) - The Treasury Department announced the results of this month's auction of $22 billi ...Full Story»

Latvia Trade Deficit Widens In May (12 hr(s), 56 min(s), 47 sec(s) ago)
(RTTNews) - Latvia's foreign trade gap increased in May from a year ago, as imports grew faste ...Full Story»

Brazil Inflation Rises Slightly In June (13 hr(s), 14 min(s), 47 sec(s) ago)
(RTTNews) - Brazil's consumer price inflation rose marginally in June after easing in the prev ...Full Story»

U.S. Jobless Claims Unexpectedly Slip To 227,000 (13 hr(s), 29 min(s), 47 sec(s) ago)
(RTTNews) - First-time claims for U.S. unemployment benefits unexpectedly edged modestly lower in ...Full Story»

Portugal Inflation Confirmed At 2.4% (14 hr(s), 02 min(s), 47 sec(s) ago)
(RTTNews) - Portugal's consumer price inflation increased slightly as initially estimated in J ...Full Story»

U.S. Weekly Jobless Claims Unexpectedly Edge Lower (14 hr(s), 42 min(s), 47 sec(s) ago)
(RTTNews) - First-time claims for U.S. unemployment benefits unexpectedly edged modestly lower in ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

New Zealand Manufacturing Sector Improves In June - BusinessNZ

07/10/2025 - 20:35 PM (RTTNews)
(RTTNews) - The manufacturing sector in New Zealand continued to contract in June, albeit at a slo ...Full Story>>

New Zealand Manufacturing PMI Data Due On Friday

07/10/2025 - 18:02 PM (RTTNews)
(RTTNews) - New Zealand will on Friday see June results for the manufacturing PMI from BusinessNZ, ...Full Story>>

Thirty-Year Bond Auction Attracts Modestly Below Average Demand

07/10/2025 - 14:31 PM (RTTNews)
(RTTNews) - The Treasury Department announced the results of this month's auction of $22 billi ...Full Story>>

Latvia Trade Deficit Widens In May

07/10/2025 - 10:23 AM (RTTNews)
(RTTNews) - Latvia's foreign trade gap increased in May from a year ago, as imports grew faste ...Full Story>>

Brazil Inflation Rises Slightly In June

07/10/2025 - 10:05 AM (RTTNews)
(RTTNews) - Brazil's consumer price inflation rose marginally in June after easing in the prev ...Full Story>>

Do not sell my personal information

Copyright © 2025. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.