Norway Opens Door to Rate-Cut Delay Amid Krone Weakness

Norway’s central bank signaled it may delay plans to begin interest-rate cuts in the autumn after the krone weakened more than officials anticipated and the Nordic economy showed more signs of resilience to high borrowing costs.

Norges Bank held the key deposit rate at 4.5%, the highest since December 2008, as predicted by all analysts in a Bloomberg survey. The economy may need to maintain constriction “for somewhat longer than previously envisaged,” the bank said.