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المشهد العربي
Norwegian Central Bank Maintains 4.25% Rate
The Norwegian Central Bank kept the interest rate unchanged at 4.25%, explaining that the slowdown in inflation during the summer eases the need for future rate hikes, despite inflation remaining at high levels. Bank Governor Ida Wolden Bache stated that inflation is still very high, and it is too early to suggest a fundamental change in expectations, after the bank previously raised the rate by 25 basis points in May, with hints of a possible increase later in the year.
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