The Norwegian central bank remains on hold as scheduled, reiterating that it is not in a hurry to cut interest rates

The Norwegian central bank kept the key deposit rate unchanged at 4.5% on Thursday, reiterating that it is not in a hurry to cut rates, in line with market expectations. The central bank's governor stated that rates may remain unchanged until the end of 2024, as the weak krone and rising corporate costs pose risks. Despite a decline in inflation, the Norwegian central bank still needs to adopt a restrictive monetary policy. In contrast to the Swedish central bank's rate cuts, the Norwegian krone rose by 0.7%, as the market expects rates to remain unchanged. Analysts believe that Trump's victory in the U.S. election could exacerbate the krone's predicament