Norway's Governor Bache: It's Appropriate to Start Easing Monetary Policy Soon

image

Norway's Governor Bache: It's Appropriate to Start Easing Monetary Policy Soon

Forex - The Governor of the Central Bank of Norway (Norges), Wolden Bache, stated that it would soon be appropriate to start easing monetary policy. Norges did not change interest rates at today’s meeting, marking the eighth consecutive meeting without a change; however, it indicated that a reduction could begin in March 2025. Bache stated after the meeting, "The committee anticipates a gradual decline in the policy rate over the coming years. The policy rate forecast presented today is consistent with a reduction of the policy rate to 4.25% in March and further decreases to 3.75% by the end of 2025."