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Norway holds rates at zero as expected, hike beckons | Reuters

Norway’s central bank kept its key policy interest rate on hold at a record-low 0.0% on Thursday, as expected, and said it remained on track for a hike later this year.

Norges Bank has said it plans to raise rates in the third or fourth quarter of 2021, likely making it the first among G10 central banks to increase the cost of borrowing after the outbreak of the COVID-19 pandemic. (Reporting by Terje Solsvik and Victoria Klesty; editing by Gwladys Fouche)

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