Tag: interest rates

Real estate pros predict price hike

There's widespread agreement among analysts, real estate brokers and economists that Norway's already-high housing prices will jump again, on the back of record-low interest rates. Amidst...

Key rate cut to fend off recession

Norges Bank's decision on Thursday to cut its "key policy rate" by another quarter point is aimed at stimulating economic growth and warding off recession,...

LO boss: ‘Norway is now in crisis’

The boss of trade union confederation LO, Gerd Kristiansen, is among those now claiming that Norway's economy is in crisis because of rising unemployment....

One US dollar may soon cost NOK 10

Even though oil prices have been creeping upwards and Norway's krone has strengthened a bit, at least one currency exchange strategist thinks the recovery...

Krone strengthens on stable rates

Norway's volatile currency, the krone, immediately strengthened against the US dollar and other currencies Thursday morning, after the country's central bank opted against lowering...

‘Krone’ dives after oil prices sink again

Norway's already weakened currency, the krone, took a new dive on Tuesday, falling to its lowest level against neighbouring Sweden's kronor in 20 years....

Norges Bank: ‘No interest rate cut’

The executive board of Norway's central bank, Norges Bank, has decided against another cut in its key lending rate, at least for now. Despite...

Krone sinks to new low against the dollar

Norway's currency, the krone, sunk to a new low against the US dollar on Wednesday afternoon. At around 4:30pm, it was costing NOK 8.60...

Still ‘no crisis’ as more jobs vanish

A new analysis of Norway's job market warns that as many as 200,000 full-time jobs may disappear over the next five years because of the...

New light amidst economic gloom

Record-low interest rates, a weaker but far more competitive currency and even prospects for increased defense spending are shedding some new light on Norway's sudden economic gloom....
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