It became clear when the interest rate decision was announced at 10 a.m. on Friday.
– As we now assess the prospects, the interest rate will probably be kept at the current level for quite some time to come, says central bank governor Ida Wolden Bache in a press release.
The Governor of the Central Bank will explain the rationale and the financial background at a press conference at 10.30am.
Since the last report, price growth has been slightly lower than forecast. On the other hand, economic activity is slightly higher than expected, and wage growth may appear to be slightly higher than forecast, writes Norges Bank in the press release.
Information Norges Bank now has indicates that there may be a need to keep the interest rate up somewhat longer than the bank previously envisioned.
Norges Bank emphasizes that there is uncertainty about the economic outlook.