Tag: economy

Banking ‘analysis’ gets warm welcome

Commentators and consumers alike are glad the Norwegian Competition Authority has launched an "analysis" of competition among Norwegian banks that can lead to a...

No interest rate hike yet

Norway's central bank followed other countries' this week in keeping their key interest rates unchanged even as inflation rises. Raising rates could have stemmed...

Interest rates rise as expected, along with housing prices

It's getting even more expensive than usual to buy a home in Norway. The central bank (Norges Bank) raised its policy rate by a...

Norges Bank retains 1000-kroner note

Law enforcement officials and some politicians have been wanting to scrap Norway's thousand-kroner note (currently worth around USD 108), but the central bank has...

Norway’s central bank warns of higher inflation and interest rates

Norway's central bank (Norges Bank) issued new, ominous warnings of higher inflation and higher interest rates on Thursday. Central bank chief Ida Wolden Bache...

Norway extends its oil age

Norway was expanding its offshore oil and gas industry even before the US and Israel began bombing Iran, cutting off Persian Gulf oil supplies...

Oil price spike worries Stoltenberg

The new war in the Middle East, which cut off oil shipments from the Persian Gulf, has sent oil prices up to well over...

Central bank chief’s inflation battle may boost interest rates

Norwegian economists admit to being shocked this week, when Norway's state statistics bureau SSB reported that prices in January were much higher than expected....

Norway’s cash under more pressure

Even though Norwegian merchants are once again obligated to accept cash, another krone note is in danger of being pulled off the market. Norway's...

Norway’s krone strengthens as US dollar sinks amidst Oil Fund debate

Norway's krone strengthed against the US dollar again on Tuesday, after ongoing concern over the US' unpredictable president. Norwegians woke up to their strongest...
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