The key policy rate remains unchanged at 4.5 per cent. Norges Bank has decided that. But interest rates will most likely be reduced during the year, signaling the central bank now. In March, Norges Bank dropped the interest cut they had actually notified would come. At the same time, the central bank signaled that there would probably be two interest rate cuts this year. It is uncertainty about President Donald Trump’s customs regime that creates a headache for the central bank. – The customs barriers have become more extensive, and it is uncertain how the future trade regime will be. This can draw in different directions for the interest rate outlook, says Vice-Central Bank Chief Pål Longva. He substituted on Thursday for Central Bank Governor Ida Wolden Bache, who instead participates in hearings at the Storting. However, she always helps to make the interest decision. The key policy rate has been 4.5 per cent since December 2023. The last time it was reduced was in May 2020.
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