(Bloomberg) -- Norway's central bank raised its
benchmark interest rate and said rates will be lifted more than
previously forecast as widespread labor shortages threaten to
boost wage growth and fuel inflation.
The bank increased the deposit rate by a quarter point to 4.5
percent. The rate will average 4.5 percent this year and 5.75
percent in 2008 and 2009, the bank said, lifting a previous
forecast by a quarter-point this year and half a point for the
next two years. In 2010, the bank sees the rate at 5.5 percent.
Read more at Bloomberg Currencies News
benchmark interest rate and said rates will be lifted more than
previously forecast as widespread labor shortages threaten to
boost wage growth and fuel inflation.
The bank increased the deposit rate by a quarter point to 4.5
percent. The rate will average 4.5 percent this year and 5.75
percent in 2008 and 2009, the bank said, lifting a previous
forecast by a quarter-point this year and half a point for the
next two years. In 2010, the bank sees the rate at 5.5 percent.
Read more at Bloomberg Currencies News
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