Norges Bank

Press release

Norges Bank keeps interest rates unchanged

Interest rates were left unchanged at Norges Bank's Executive Board meeting on 18 September 2002. Norges Bank's key interest rate, the sight deposit rate, therefore remains at 7.0 per cent. The overnight lending rate also remains unchanged.

Deputy Central Bank Governor Jarle Bergo states that according to Norges Bank's assessment, with an unchanged interest rate, the probability that inflation two years ahead will be higher than 2½ per cent is the same as the probability that it will be lower.



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Published 18 September 2002 14:00