Norway's central bank kept its benchmark interest rate unchanged at 4.25% today, as widely expected, and said it would likely raise the cost of borrowing next month unless inflation showed a continued decline.
All 29 economists polled in advance by Reuters had expected rates to stay on hold today but were divided over whether Norges Bank would hike to 4.5% in December.
"If the committee becomes more assured that underlying inflation is on the decline, the policy rate may be kept on hold," she added.
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