Chief economist: Raising interest rates remains a smart move for Norway

Economists believe Norway's central bank should raise interest rates despite rumors of a Hormuz Strait deal. The potential deal, which would lower oil prices and weaken the krone, makes a rate hike a smart move to support the currency, according to chief economist Harald Magnus Andreassen. Other economists suggest a significant oil price drop could negate any krone gains, impacting the central bank's decision.