Path Opens for Faster Rate Increases From Norway's Central Bank
- All 24 economists expect Norges Bank to keep rates on hold
- Norges Bank seen preparing for first rate hike since 2011
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The case is strengthening for Norwegian central bank policy makers to soon raise interest rates for the first time in seven years.
Economic growth is accelerating, oil prices are up, unemployment is nearing rock-bottom levels and central banks around the world are starting to withdraw stimulus. At the same time, the government this month decided to lower the inflation target, opening for a faster tightening of policy in the short run.