Norges Bank On Hold; We Continue To Expect A Hike In September

Norges Bank held the policy rate at 4.25% in June but signaled further hikes are necessary. GS expects the next rate hike to occur in September.

Key Takeaways

• 1.Norges Bank kept the policy rate on hold at 4.25%, but signaled a need for further tightening.
• 2.Goldman Sachs expects a policy rate hike in September rather than August.
• 3.Mainland GDP growth forecast was revised down to 0.9% for 2026.

Table of Contents

• KEY NUMBERS
• MAIN POINTS
• Disclosure Appendix

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