Norwegian Key Policy Rate (Sep) 0.25% vs. Exp. 0.25% (prev. 0.00%); based on the Committee’s current assessment of the outlook and balance of risks, the policy rate will most likely be raised further in December

Decision was unanimous
A normalising economy suggests that there is no longer a need to maintain the current degree of monetary accommodation
Repo forecasts: Sep'21 0.02% (prev. 0.02%), Dec'21 0.28% (prev. 0.28%), Mar'22 0.57% (prev. 0.57%), Jun'22 0.78% (prev. 0.78%), Sep'22 0.98% (prev. 0.96%), Dec'22 1.12% (prev. 1.07%)
The policy rate forecast implies a gradual rate rise in the coming years. The policy rate path is a little higher than in the June 2021 Monetary Policy Report.
The economic upswing will likely continue through autumn
Underlying inflation is low, but increased activity and rising wage growth will help push inflation up towards the inflation target of 2%
Based on the Committee’s current assessment of economic developments and the prospects for bank losses and lending capacity, the buffer rate will be raised to 2.0% in December