Norway's central bank holds interest rates steady, signaling no immediate cuts

Norges Bank kept its key interest rate at 4 percent, signaling no immediate plans for a reduction due to persistent inflation. The central bank stated that the job of curbing inflation is not yet complete, and underlying price growth remains near three percent. They also noted the possibility of a rate hike if inflation proves more stubborn than anticipated. Norway's interest rate is significantly higher than in neighboring countries like Sweden and Denmark, and the Eurozone, attributed partly to government fiscal policy and a weak krone.