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Norway should raise rates further, spend less of oil money - IMF

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The Norwegian economy is facing growing inflationary pressures and interest rates will need to be increased, the International Monetary Fund warned in a report. The IMF also suggested the government should consider spending less of its oil revenues. 'Indicators point to mounting underlying inflationary pressures,' the IMF said. 'Credit growth and house price increases have been strong for some time and the former has moved beyond households…

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