Tag: economy

No change in interest rates, for now

Norway's central bank (Norges Bank) announced on Thursday that it had decided keep its policy rate unchanged at 4.5 percent, and that it's likely...

Norwegians bemoan weak kroner

It's been costing Norwegians more than 14 of their kroner to buy just one British pound this week, more than NOK 12 to buy...

Weak krone keeps Norwegians home

More Norwegians will be competing with all the tourists pouring off cruiseships and flying in to Norway for holidays this summer. Norway's weak currency...

Inflation declines, but food prices rise

Norway's consumer price index (CPI) fell for the fifth month in a row in May, aided by a sharp reduction in electricity rates and...

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...
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