Tuesday, April 24, 2007

Norway's Central Bank May Raise Benchmark Rate as Inflation Tops Forecast

(Bloomberg) -- Norway's central bank probably will raise the benchmark interest rate for the fifth meeting in a row after inflation exceeded its forecast, a survey of economists shows.

Norges Bank today will increase the deposit rate by a quarter-point to 4.25 percent, according to 17 of 19 economists surveyed by Bloomberg. The other two predicted no change. The decision will be announced at 2 p.m. in Oslo.


Read more at Bloomberg Bonds News

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