India, Aug. 13 -- Norges Bank left its key interest rate unchanged on Thursday but kept the door open for further rate hike.
The Monetary Policy and Financial Stability Committee decided to keep the policy rate unchanged at 4.25 percent. The bank had raised the rate by 25 basis points in May.
"Slower inflation is welcome news, but inflation is still too high, and it is too early to conclude that the inflation outlook has changed materially," Governor Ida Wolden Bache said.
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