October 24, 2019 / 8:04 AM / a month ago

Norway keeps rates on hold, economic outlook intact

OSLO, Oct 24 (Reuters) - Norway’s central bank kept its main interest rate unchanged at 1.5% on Thursday, as expected, and said the economy had developed largely in line with forecasts made in September.

Norges Bank last month raised rates for a fourth time in a year amid solid domestic growth, but said further tightening was unlikely as the global economy gradually slows. (Reporting by Terje Solsvik, editing by Gwladys Fouche)

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