Oslo, August 17, 2023, In a move that has sent shockwaves through the financial world, Norway's central bank has made the decision to raise the official interest rate by 25 basis points to 4%. This marks the 12th consecutive increase since September 2021, and it is the highest level seen since the devastating financial crisis of 2008. Experts are now eagerly anticipating another hike in September as the central bank continues its efforts to navigate the country's economic landscape. In a move that comes on the heels of promising developments in both inflation and the resurgence of the domestic currency, the decision has been made.
