Norges Bank hikes 25bp to 4.5%, flags further tightening; Riksbank, SNB hold

Norges Bank raised its policy rate by 25bp to 4.5%, its second hike this year, and signaled possible further action to curb inflation amid elevated energy costs linked to Middle East conflict. Sweden and Switzerland held rates as expected. The move underscores divergent Nordic monetary paths, with Norway tightening while others pause.