Norges Bank Chief Sees Likely Hike to 3.25% in May

The transcript discusses a unanimous decision to raise policy rates by 25 basis points, with future hikes likely needed to curb inflation. The kruna's depreciation is a factor in this decision, as it affects inflation in a small open economy. The transcript also highlights the uncertainty in the currency's future outlook, which could necessitate further rate increases.

What is the expected policy rate increase mentioned for May?

What uncertainty exists regarding the future of the kruna?