Economics
Look North for a Central Bank Defying the Fed’s Low-Rate Future
- Norway already has tightening penciled into its outlook
- Observers are anticipating a rate increase even sooner
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Just one week after the U.S. Federal Reserve set the tone for the world by cementing in a low interest rate for the foreseeable future, Norway’s central bank might be about to emphatically differ.
While the Fed, the European Central Bank, and Sweden’s Riksbank are all signaling an easy-policy stance with no hint of hiking for years, Norges Bank is already penciling in eventual tightening, and could bring forward its view for when that may happen.