Time for Norway Rate Hike `Is Coming Closer,' Olsen Says

The transcript discusses Norges Bank's decision to keep the policy rate unchanged while planning to raise it in September. The economic outlook is positive, with growth and inflation expected to rise. However, trade tensions between the US and China pose risks. Currency movements and household debt levels are also considered in interest rate decisions.

What factors led to the decision to keep the policy rate unchanged?

What is the significance of September in the context of interest rate changes?

In what ways does the current economic situation differ from neighboring countries?

How do rising trade tensions between the US and China impact the economic outlook?

What concerns are associated with the high debt levels among Norwegian households?