The Organisation for Economic Cooperation and Development (OECD) has cautioned that interest rates in Norway, already sporting some of the highest in the industrialised world, will have to stay high so as to fight wage inflation.
“Labour shortages have led to strong wage increases, so interest rates will need to stay high to comply with the inflation target of 2.5 percent,” the latest OECD report stated. Currently standing at nine percent, the Norwegian Central Bank’s key day-lending rate is we...
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