UPDATE 1 — Norway central bank raises interest rate, may hike again
(Adds quote, currency in paragraphs 2-3) OSLO, Sept 24 (Reuters) — Norway's central bank raised its policy interest rate by 25 basis points to 4.50% on Thursday, seeking to contain inflation, as expected by a narrow majority of analysts in a Reuters poll, and said it may hike again. "It will likely be necessary to keep the policy rate elevated for a time, and the committee is prepared to raise the policy rate further if needed to bring inflation down to the 2% target within a reasonable time horizon," Norges Bank Governor Ida Wolden Bache said in a statement. The Norwegian crown strengthened to 10.76 against the euro at 0806 GMT, from 10.79 just before the announcement. (Reporting by Terje Solsvik, editing by Louise Rasmussen) ((Louisebreusch.rasmussen@tr.com; +45 21 27 97 79;)
50% on Thursday, seeking to contain inflation, as expected by a narrow majority of analysts in a Reuters poll, and said it may hike again. "It will likely be necessary to keep the policy rate elevated for a time, and the committee is prepared to raise the policy rate further if needed to bring inflation down to the 2% target within a reasonable time horizon," Norges Bank Governor Ida Wolden Bache said in a statement. 79 just before the announcement. com; +45 21 27 97 79;)