Norges Bank meeting —

At its 8 May 2025 meeting, the Norges Bank held its policy rate at 4.50%.

Decision

hold — 4.50% to 4.50%

Key passages

Policy rate kept unchanged at 4.5 percent

No change as expected, maintaining restrictive stance.

the Committee’s current assessment of the outlook implies that the policy rate will most likely be reduced in the course of 2025.

Explicit signal of a rate cut later this year, key dovish takeaway.

Meeting documents

Background reading

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