Norway Central Bank Raises Rates to 4.50 Percent

Norway's central bank raised its policy interest rate by 25 basis points to 4.50% on Thursday morning, matching expectations as policymakers moved to contain persistent price pressures. The decision came as underlying inflation held at 3% year-on-year in August, remaining above the central bank's 2% target. Norges Bank indicated that borrowing costs may remain elevated longer than previously anticipated.