(Bloomberg) Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast. Norway’s central bank is poised to raise its interest rate this week in the first such post-pandemic tightening among nations with the world’s 10 most-traded currencies. Responding to a buoyant economic recovery, Norges Bank will lift its benchmark on Thursday by a quarter-point from zero, according to all but one of the 15 economists surveyed by Bloomberg. That places it in the vanguard of the so-called Group of 10 after New Zealand policy makers held off from such a move last month. The decision may also cement the oil-rich economy as the most hawkish member of the pack, contrasting with a more tentative shift expected from the U.S. Federal Reserve on Wednesday toward winding down stimulus. Investors are so certain of a Norwegian increase that they are likely to focus more on signals of further moves next year. “The September hike is a done deal for sure,” Nordea ana
Norway Poised to Deliver First Post-Crisis G-10 Rate Hike
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Norway Poised to Enact First Post-Crisis G-10 Interest-Rate Hike
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