Norges bank to keep its interest rates unchanged until late 2014: Capital Economics

Note: This section contains information in English only.
Source: RTT News
The Norges bank is likely to keep its interest rates unchanged and continue with its monetary policy at least until late-2014, as the strong Norwegian currency is preventing the government from increasing rates to weaken a housing boom, James Howat from the Capital Economics said on Monday. The Norwegian central bank maintained its benchmark rate stable as expected at 1.5%.

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