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Thursday, May 23, 2024

Tag: economy

Lower inflation unlikely to lower interest rates

Norway's inflation rate dipped to 3.6 percent last month, but few economists think that's enough of a decline to prompt a reduction in Norwegian...

Weak ‘krone’ didn’t spur rate hike

Norway's central bank kept interest rates steady on Friday and several economists no longer think they'll be lowered later this year. Others think the...

‘Krone’ weakens again but Norway secures its use for cash payments

The value of Norway's historically weak krone sank again heading into the weekend, but Norwegians have at least been assured of legally being able...

Labour union leader claims ‘big victory’

After months of heated debate over record-high executive compensation and an unwillingness to share company profits with workers, Norwegian union leaders have been fighting...

New car sales crash

Sales of new cars in Norway last month were down 50 percent from March of last year, sinking to their lowest level in 15...

Norway’s currency weakens again

UPDATED: The value of Norway's currency, the krone, fell once again at the end of the country's long Easter holiday. The latest decline came...

Inflation down but outlook unclear

Economists have been speculating for weeks over whether interest rates will rise or fall during the next several months. Norway's inflation rate has eased,...

Interest rates stable, for now

Norway's central bank opted against raising its key policy rate on Thursday, even though inflation is still high and the country's currency, the krone,...

Food price hikes outpace inflation

Norway is known for high food prices, but now they've risen to shocking levels despite (or because of) large government subsidies to Norwegian farmers...

Norwegian holidays darker this year

More Norwegians than usual are hoping for brighter days after the winter solstice this year because of a new, unfamiliar situation: relative poverty. Inflation,...

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