Press release 27 Feburary 2002
Norges Bank keeps interest rates unchanged
Interest rates were left unchanged at Norges Bank’s Executive Board meeting on 27 February. Norges Bank’s key interest rate, the sight deposit rate, therefore remains at 6.50 per cent. The overnight lending rate also remains unchanged.
Central Bank Governor Svein Gjedrem says that according to Norges Bank’s assessment, with an unchanged interest rate ahead, the probability that inflation two years ahead will be higher than 2½ per cent is the same as the probability that it will be lower.