OSLO, July 10 (Reuters) - Norwegian core inflation, which strips out changing energy prices and taxes, was lower than expected in June, Statistics Norway data showed on Wednesday.
Core inflation was up 3.4% year-on-year. Analysts polled by Reuters had on average forecast a 3.6%. The central bank's projection was also for 3.6%. In May, the rate was 4.1%.
Compared with May, core inflation was up 0.2%.
Norges Bank
last month
kept interest rates at a 16-year high of 4.50% but pushed back its prediction for a rate cut to 2025 from September. (Reporting by Gwladys Fouche and Anna Ringstrom, editing by Louise Rasmussen)
