Tag: currency
No cut in rates, krone rebounds
UPDATED: Norway's central bank defied the expectations of analysts and economists on Thursday, with its board opting against another cut in its key lending...
Dollar hits new high against the krone
For the first time in 13 years, the US dollar was trading at just over NOK 8 on Tuesday. The move reflects an ongoing...
Weak krone cheers tourism industry
Norway's currency, the krone, weakened again on Tuesday in line with another fall in oil prices. That put smiles on the faces of those...
Krone dives again, but may resurface
The value of the Norwegian currency, the krone, was down again on Tuesday, with one US dollar costing NOK 7.73 by midday. Consumers have been...
Salmon survives trade sanctions
Norwegian salmon is selling like never before, all over the world. Both prices and production have jumped, despite the loss of major markets in...
Norway can win on its weaker krone
Norway's oil sector may be slumping along with oil prices, but lots of other Norwegian companies are benefiting from the recent plunge in the...
‘Still no crisis’ as krone falls again
Norway's krone plunged on Tuesday, a day that currency brokers were referring to as "historic" for Norwegian exchange rates. The dive was blamed on another fall in oil...
Jensen ready to readjust economy
Finance Minister Siv Jensen, reacting to Thursday's surprise cut in interest rates, claimed Friday that no one should be surprised that the Norwegian economy...
Krone took a dive as rates dropped
It cost more than nine Norwegian kroner to buy a euro on Thursday, after Norway's central bank cut its key interest rate. Norway's currency fell in...
Interest rates cut to offset decline
Norway's central bank board answered recent calls to lower interest rates on Thursday, in the face of what one economist called a "considerably weaker outlook for...
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