The Norwegian mainland economy is set to grow by an estimated 1.2% in 2023 while the central bank's key policy interest rate will likely peak early next year, Statistics Norway (SSB) predicted on Friday.

In September SSB had forecast that the mainland economy, which excludes oil and gas production, would grow by 1.5% next year. (Reporting by Terje Solsvik, editing by Stine Jacobsen)