09:04 AM EDT, 08/12/2024 (MT Newswires) -- MUFG said it expects the Norges Bank to leave its policy rate unchanged at 4.50% in Norway this week.

Norges Bank is slate to release its policy statement on Thursday.

Norwegian inflation slowed more than expected in June which will encourage the Norges Bank to consider lowering rates later this year although that will be partially offset by the inflationary impact from the weaker krone (NOK), stated MUFG.