China Holds Loan Prime Rates Steady for 14th Month as Economic Recovery Remains Uneven 
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BOJ Holds Rates at 1% as Inflation Outlook Eases, October Rate Hike Still Possible 
ECB Expected to Hold Rates as Middle East Tensions Keep September Hike in Focus 
Fed Holds Interest Rates Steady as Kevin Warsh Says Rising Treasury Yields Tighten Financial Conditions 
RBI Holds Repo Rate at 5.25% as Inflation Risks and Global Uncertainty Persist 
Japan Services Producer Prices Rise 3.2% in June, Supporting BOJ Rate Hike Expectations 
The underlying inflation rate in Norway currently stands at 3.1%. The Norges Bank believes the krone that is weaker than it had expected is mainly responsible for the development.
The currency is highly volatile particularly over the past few months. The inflation is expected to remain at elevated levels for now, states Commerzbank.
The October data is scheduled to release today is likely to underline that. Norges Bank does not like that at all though. What it currently really wants is to stimulate the economy that is suffering due to the weak oil price. A further rise in inflation would prevent it from cutting rates any further, added Commerzbank.
