Unprecedented since the start of the pandemic: the Norwegian Central Bank is the first of the richest countries on the planet to have drawn, Thursday, an increase in its key rate, which goes from 0% to 0.25%.
In addition, Norges Bank confirms a further
"very likely" increase
in December, as well as each following quarter, which would bring its rate to 1.5% at the end of 2022, its level before the pandemic.
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This decision is justified by inflation at 3.4% in August and the country's exposure to oil, but also by the
“normalization of the economy”.
Isolated act or start of a trend?
“It gives direction
,” notes Frederik Ducrozet, economist at Pictet.
All central banks are moving towards reduced support for the economy, or even tighter financial conditions.
We are at a pivotal moment. ”
Thirteen of them were holding monetary policy meetings this week.
The US Federal Reserve gave
the
Wednesday.
She is preparing to reduce, from November
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