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Saturday, June 25, 2022

Tag: economy

Krone dips on zero interest rate

Norway's central bank (Norges Bank) kept its key policy rate at zero on Thursday. The lack of a long-anticipated increase was expected and the...

Rates to rise as economy rebounds

Norwegian economists are predicting brighter days ahead and Norway's central bank is following through with predictions of its own: Interest rates will probably rise...

Norway plots its path out of crisis

Finance Minister Jan Tore Sanner admits to a lot of uncertainty regarding prospects for renewed economic growth in Norway. The revised state budget he...

2.7% pay raises helped avert strike

Marathon mediation through the weekend finally warded off a major strike in Norway that would have pulled more than 30,000 workers off the job...

Central bank confirms rising rates

Norway's central bank left the country's key policy rate unchanged on Thursday at 0.0 percent, despite higher underlying inflation than expected and much higher...

Solberg budgets for better times ahead

Prime Minister Erna Solberg found a way around her own government's rules against meetings this week, to start hashing out a state budget proposal...

Interest rate hikes expected soon

UPDATED: Soaring residential real estate prices have sparked expectations that Norway's record-low interest rates will rise at least once if not twice later this...

Norway’s glory days may be numbered

The Corona crisis of the past year may at the very least serve as somewhat of an equalizing factor worldwide. For Norway, it's meant...

‘Uncertainty’ keeps key rate at zero

The Norwegian central bank's key policy rate, kept at 0.0 percent this week, isn't likely to rise any time soon. The Corona crisis continues...

Housing sales and prices set records

Even in the midst of the Corona crisis, or perhaps because of it, Norwegians bought and sold homes at levels that set new records...

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