Norges Bank Hikes 25 Basis Points to 4.50%, Lifting Norwegian Krone

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Norges Bank raised its policy rate by 25 basis points to 4.50%, a hawkish move that lifted the Norwegian Krone, according to Brown Brothers Harriman's Elias Haddad. The krone outperformed following the decision, which BBH characterized as hawkish. Haddad, of Brown Brothers Harriman, highlighted the currency's strength after the rate increase. The hike brought the benchmark rate to 4.50%.

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