Tag: interest rates
Norway’s currency may take a dive
A highly respected currency expert at Japanese securities firm Nomura in New York has issued a few warnings about the future value of the...
Housing prices tumble again
Housing prices in Norway fell an average of 1.3 percent from October to November, marking the third month in a row of price declines...
Rates to stay low, industry relieved
Norwegian borrowers, businesses and industry could heave a sigh of relief Thursday when the country's central bank decided not to raise interest rates and...
Homeowners’ group pulls erroneous ads
Norway's nationwide organization representing homeowners, Huseiernes Landsforbund, apologized to the country's finance minister and withdrew an ad campaign claiming that the Labour-led government had...
Homeowners seek ‘brave’ lawyer
Norway's national association representing homeowners (Huseiernes Landsforbund) has been advertising that it wants to hire "Norway's bravest lawyer" to take on the country's biggest...
‘Krone’ falls on bank board news
The value of the Norwegian krone fell sharply on Thursday, after the country's central bank left its key interest rate unchanged and indicated it...
Norway’s key interest rate unchanged despite ‘lower’ economic activity
The executive board of Norway's central bank, Norges Bank, announced on Thursday that it had decided once again to keep its "key policy rate"...
Employees in uproar at DNB
The chief executive of Norway's biggest and highly profitable bank, DNB, has found himself in a major clash with thousands of employees over a...
Norges Bank won’t follow Europeans
The European Central Bank cut its already-low key interest rate last week but Norway's own central bank didn't follow along. The board of Norges...
DNB to cover customer losses
Rune Bjerke, chief executive of Norway's biggest bank DNB, has had to deal with angry investment customers, borrowers and government officials in recent weeks....
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