Norway's central bank raised its benchmark interest rate on Thursday as widely expected, and said more hikes were likely next year although that would depend on the impact of a surge in coronavirus infections and the emergence of the Omicron variant.
Norges Bank's monetary policy committee raised the sight deposit rate to 0.50% from 0.25%, its second hike in three months, as predicted by 20 out of 22 economists polled by Reuters and in line with the central bank's own plan.
In other words: Fundamentals are strong here and our chart agrees.
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