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Norway keeps interest rate at 16-year high, says restrictive policy needed - REUTERS
- Norges Bank keeps policy rate at 4.50%
- Rate remains at highest level since 2008
- Policy on hold until year-end
- New rate projections due in December
- Inflation remains above target
OSLO, Nov 7 (Reuters) - Norway's central bank held its policy interest rate unchanged at a 16-year high of 4.50% on Thursday, as unanimously expected by analysts in a Reuters poll and reiterated that it will stay on hold until the end of the year.
"The committee judges that a restrictive monetary policy is still needed to bring inflation down to target within a reasonable time horizon," the central bank said in a statement.
