Norway's central bank faces pressure to cut interest rates due to lower rates in Sweden and the Eurozone

Norway's central bank may be forced to cut interest rates due to lower rates in neighboring countries. Sweden's central bank held its rate at 1.75%, while the Eurozone's is at 2%. Norway's is 4%, with no cuts expected until next year. Economists suggest global rate cuts, including from the US Federal Reserve, could pressure Norges Bank to follow suit sooner than anticipated.