Norway’s central bank, Norges Bank, maintained its key interest rate at its current level on Thursday, as widely anticipated by economists. However, the bank revised its forecasts, indicating the possibility of two further rate increases before the end of the year. This shift in outlook is driven by stronger-than-expected economic growth and persistent inflationary pressures. Norges Bank cited robust domestic demand and a weaker Norwegian krone as contributing factors to the revised projections. While acknowledging global economic uncertainty, the bank believes the Norwegian economy is resilient enough to withstand further tightening of monetary policy. The next rate decision is scheduled for June, with further adjustments dependent on incoming economic data. This signals a more hawkish stance than previously communicated, aiming to curb inflation and stabilize the currency.