Norwegian economists have reacted to unexpected inflation levels reported in January, with several institutions, including Nordea and DNB Carnegie, suggesting that interest rate cuts are no longer likely for this year due to persistent inflation exceeding the central bank's target. Central Bank Governor Ida Wolden Bache confirmed this trend, stating that while the inflation was higher than expected, the goals of the monetary policy remain unchanged, without offering further indications on future interest rate movements. Meanwhile, Prime Minister Jonas Gahr Støre mentioned that the Labour Party's commitment to 'interest rate cuts for all' still holds relevance, despite only one cut being enacted after the elections.