Central banks: Norgesbank takes market by surprise, raises rates by 25 b.p. to 4.25%; Riksbank sticks to expectations and keeps them at 1.75%
By Intermoney Monetary policy made several major headlines on Thursday. However much the Middle East conflict might have affected the future direction of the major central banks, until Thursday we had not seen any of them make a move (except for the Reserve Bank of Australia, but it had already started before the conflict). But that changed when the Norgesbank raised its key rate by 25 basis points to 4.25%,…