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Norway lifts rates to 2.25%, expects smaller hikes ahead

* Norges Bank hikes by 50 bps to 2.25% * Plans thee more hikes of 25 bps each * More gradual hikes warranted * Sees drop in non-oil GDP next year By Victoria Klesty OSLO, Sept 22 (Reuters) - Norway's central bank raised its benchmark interest rate by a widely-anticipated 50 basis points to 2.25% on Thursday, but said future hikes would be more "gradual", weakening the country's crown currency.
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Norway central bank hikes rate by 50 basis points, as expected

OSLO, Sept 22 (Reuters) - Norway's central bank raised its benchmark interest rate by 50 basis points on Thursday, as expected by most economists, and said it plans to hike again in November. Norges Bank's monetary policy committee raised the sight deposit rate to 2.25% from 1.75%, having signalled in August a September hike was likely, but without indicating by how much.
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Norway companies see weaker outlook, central bank survey shows

OSLO, Sept 13 (Reuters) - Norwegian companies now see a weaker outlook for the next six months as costs rise sharply, a central bank survey showed on Tuesday. "Regional Network contacts report a sharp rise in prices, and this rise has accelerated through (the) summer," the central bank said in a statement. "Contacts expect activity to fall through (the) autumn and winter, with a sharp rise in prices and costs and higher interest rates having a dampening effect on demand ahead, particularly from
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Dollar eases, but remains near 2-decade highs

By John McCrank and Saqib Iqbal Ahmed NEW YORK, Aug 31 (Reuters) - The dollar eased against a basket of currencies on Wednesday, but remained near the 2-decade high hit on Monday, as traders braced for more interest rate hikes from the U.S. Federal Reserve. The dollar index =USD , which measures the greenback against a basket of six currencies, was last down 0.1% at 108.66, after earlier coming within a whisker of Monday's two-decade peak of 109.48. The index is on track for a rise of around 2.6
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Norway central bank to buy more foreign currency for wealth fund

OSLO, Aug 31 (Reuters) - Norway's central bank said on Wednesday it would sharply increase its purchase of foreign currency for its sovereign wealth fund in September, amid a surge in the country's oil and gas revenues. Norges Bank plans to exchange 3.5 billion Norwegian crowns ($355.41 million) per day into foreign currency, up from 1.5 billion per day in August, which will in turn be invested abroad by the $1.2 trillion wealth fund, already the world's largest.
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