Norway Core Inflation Slows More Than Seen, Fueling Rate Cut Bet
Norway's underlying inflation slowed more than forecast last month, raising the chances of an interest-rate cut by Norges Bank before the fall.
The underlying consumer-price growth rate excluding energy fell to 3% last month, the slowest pace since January, according to data from the statistics office on Friday. Economists surveyed by Bloomberg had a median forecast of 3.2%, which was the same as Norges Bank's projection.
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