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Institutional framework

Institutional framework
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Assets of Rwanda s banking sector increased to Rwf 4310 billion in 2020 > IGIHE

Assets of Rwanda s banking sector increased to Rwf 4310 billion in 2020 > IGIHE
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Norway Central Bank Holds Key Rate As Expected

OSLO (dpa-AFX) - Norway's central bank kept its key interest rate unchanged again, at zero percent, and signaled that the rate will remain at the current level for some time ahead.The Monetary

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Norway holds rate, confirms rate hold on for some time

Norway holds rate, confirms rate hold on for some time Norway s central bank kept its monetary policy rate steady and confirmed its view from December that the sharp economic downturn and considerable uncertainty surrounding the outlook suggest keeping the policy rate on hold until there are clear signs that economic conditions are normalizing. Norges Bank (NB), which slashed its policy rate three times last year by a total of 150 basis points during March and May, left its policy rate at 0.0 percent. Prior to the outbreak of COVID-19 early 2020, NB had been in a monetary tightening cycle, raising its rate three times and by a total of 100 basis points from September 2018 to September 2019.

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Norway holds rate but pulls forward 1st hike to H1 2022

Norway holds rate but pulls forward 1st hike to H1 2022 Norway s central bank again left its benchmark interest rate steady and while the resurgence of the COVID-19 virus and stricter containment measures will lead to a slower economic recovery in the near term, it said the likelihood of a wide availability of vaccinations next year will quickly boost demand, raising the prospect of a rate hike earlier than previously forecast. Norges Bank (NB), which slashed its policy rate three times this year by a total of 150 basis points to 0.0 percent, said its new economic forecast implies a rate hike in the first half of 2022 as compared with its earlier forecast of a rate hike in late 2022.

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