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Norway key policy rate may reach 1.5 pct in late 2020-central bank
September 21, 2017 / 8:53 AM / 3 months ago

Norway key policy rate may reach 1.5 pct in late 2020-central bank

OSLO, Sept 21 (Reuters) - The Norwegian central bank forecasts its key policy rate to reach 1.5 percent in late 2020, the bank’s head of monetary policy unit, Ida Wolden Bache, told a news conference on Thursday.

Her statement came after Norges Bank left its key policy rate unchanged at a record low 0.50 percent but signalled it could begin to raise it in early 2019. (Reporting by Terje Solsvik, editing by Gwladys Fouche)

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