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Norway hikes rates, becoming the first central bank in the developed world to do so – CNBC

After cutting rates three times in 2020, Norway’s central bank unanimously decided to raise rates to 0.25% from zero.

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The Norges Bank on Thursday become the first major Western central bank to raise interest rates following the onset of the coronavirus pandemic.
After cutting rates three times in 2020 due the economic fallout from the crisis, Norway’s central bank unanimously…

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