Norway’s central bank left its benchmark interest rate unchanged for a third meeting today after policy makers scaled back tightening plans to adjust to the prospect of a slower recovery in global export markets.
Norway’s central bank will force lenders to wean themselves off its deposit facility in an effort to spur interbank lending even as Europe’s debt crisis threatens to trigger a region-wide liquidity squeeze.
Norway’s central bank kept its benchmark interest rate unchanged while signaling it may start tightening policy earlier than previously indicated as policy makers try to cool credit growth without fueling krone gains.
Norway’s central bank left its benchmark interest rate unchanged for a fourth meeting and said it will delay plans to resume monetary tightening until the middle of 2011 as it waits for more signs of a recovery abroad.
Norway’s central bank will probably keep its benchmark interest rate unchanged and delay tightening plans until next year as Europe’s debt crisis and slowing U.S. growth dim prospects for the second-largest Nordic economy.
Norway’s central bank may be close to splitting its benchmark rate so it can pay banks less on large deposits and channel excess liquidity back into the interbank market, Nordea Bank AB and DnB NOR ASA said.