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Norway Policy Rate 4.25% in Nov-23

• The Norges Bank maintained its policy rate at 4.25%, in line with consensus, with a possible hike to 4.5% in December based on future inflation data.
• Global factors, including slowing inflation among trading partners, fluctuating energy prices, and geopolitical tensions, alongside domestic economic indicators, influence the interest rate outlook.
• The central bank's decision balances the need to address high inflation against the potential over-tightening of monetary policy, highlighting the ongoing challenge of ensuring economic stability.

Norway Unemployment Rate 3.5% in Sep-23

- The unemployment rate in Norway decreased to 3.5% in September 2023, reaching its lowest level since June 2023.
- Meanwhile, the registered unemployment rate stood at 1.8% in September 2023.