LONDON: Norway's crown fell against the euro and the US dollar on Thursday after the central bank trimmed its core inflation forecast for next year and said any rate hike was likely two years away.

Norges Bank joined its global peers in striking a dovish stance, saying a resurgence in COVID-19 infection rates might put the brakes on any economic upswing.

The crown weakened 0.8pc versus the euro to a 4-1/2 month low at 11.15 crowns and 0.9pc versus the US dollar at 9.6 crowns, a near three-month low.

As expected, it kept its key policy interest rate on hold at a record low zero percent.