Tag: economy
‘Tighter’ economy warded off rate hike
Sales of new homes and holiday homes fell again last month, car sales have crashed and consumer price hikes are easing if not falling....
Cars sales crash
Norway's car dealers suffered another dramatic fall in new car sales last month. They were down 29.4 percent in September compared to the same...
More homes go unsold
The number of unsold homes in Norway's capital has risen to its highest level since 2017. Prices fell by 1 percent in August, but...
Krone remains weak as interest rates and prices rise
Norway's key interest rate rose again on Thursday and the price of the country's North Sea crude oil is higher than it's been in...
Norwegian banks boost interest rates, again
Norway's biggest bank, DNB, was once again the first to announce another interest rate hike this week. It comes after the country's central bank...
Inflation rate begins to dip
Norwegian economists were pleasantly surprised last week, when new figures showed a consumer price index (CPI) for July that indicates prices in Norway were...
Krone gained more strength
The cost of one US dollar fell under 10 Norwegian kroner for the first time since last winter on Thursday. It didn't last long, but...
High housing prices start to sink
Norway's notoriously high housing prices fell last month for the first time this year, by a national average of 1.2 percent. Analysts expect a...
Rate hike aimed at curbing inflation
Norway's central bank stepped up its battle against inflation on Thursday, raising interest rates once again by a half- instead of a quarter-point. It's...
New settlements avert more strikes
Labour representatives for more than 32,000 workers in Norway's retail and service industries came to terms with the workers' employers organization Virke on Tuesday....
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