Tag: interest rates
Anger rises over bank rate hikes
Several Norwegian banks, including the country's major lenders, have been raising interest rates on home mortgages at a time when interest rates otherwise are...
Central bank keeps interest rate low
Norges Bank announced on Thursday that its key lending rate, so-called "styringsrenten," will remain unchanged at 1.5 percent. The bank board decided that unless the...
High costs won’t halt good times
The average hourly wage costs of an industrial worker in Norway are now more than eight times that of a worker in Poland, according...
Household debt hits record levels
Norwegian homeowners’ debt levels have skyrocketed over the last eight years, with some now paying down mortgages that are three times larger than average...
Banks face potential rate scandal
Norwegian banks are facing claims by several international financial institutions that they've been manipulating their interbank lending rates. Norway's central bank, Norges Bank, is...
Good times likely to roll into 2013
Norway's strong, oil-fueled economy looks set to stay that way in 2013, according to the country's biggest bank, DNB. Its analysts and economists predict...
Borrowing costs set to stay low
The cost of borrowing money in Norway is expected to stay low at least through early next year, following the central bank board's decision...
‘No interest rate increase this year’
Norway's central bank, Norges Bank, not only refrained from raising interest rates on Wednesday but its deputy governor said its key lending rate is...
Euro sinks to new low against krone
More bad economic news from Spain sent the value of the Euro to its lowest levels against the Norwegian krone for nearly 10 years...
Borrowers avoid interest rate hike
Norway's central bank board has ignored some economists' calls for a hike in interest rates. Just a day after even Prime Minister Jens Stoltenberg...
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