Tag: interest rates

Banks finally trim rates, housing prices rise

It took them a few weeks, but more banks in Norway are finally lowering their interest rates on loans after a Danish competitor goaded them...

Krone dives again, but may resurface

The value of the Norwegian currency, the krone, was down again on Tuesday, with one US dollar costing NOK 7.73 by midday. Consumers have been...

Norway can win on its weaker krone

Norway's oil sector may be slumping along with oil prices, but lots of other Norwegian companies are benefiting from the recent plunge in the...

‘Still no crisis’ as krone falls again

Norway's krone plunged on Tuesday, a day that currency brokers were referring to as "historic" for Norwegian exchange rates. The dive was blamed on another fall in oil...

Jensen ready to readjust economy

Finance Minister Siv Jensen, reacting to Thursday's surprise cut in interest rates, claimed Friday that no one should be surprised that the Norwegian economy...

Krone took a dive as rates dropped

It cost more than nine Norwegian kroner to buy a euro on Thursday, after Norway's central bank cut its key interest rate. Norway's currency fell in...

Interest rates cut to offset decline

Norway's central bank board answered recent calls to lower interest rates on Thursday, in the face of what one economist called a "considerably weaker outlook for...

Falling oil prices keep interest rates low

Norway's central bank decided once again on Thursday to keep its key lending rate at its low level of 1.5 percent, with many analysts...

Interest rates unchanged

Norway's central bank board hasn't raised or lowered the country's key lending rate since March 2012, and its members didn't make any changes this week...

‘Krone’ rallies on higher inflation

Norway's currency, the krone, logged a sudden surge in value after some new inflation numbers surprised analysts and traders. Higher prices, especially for food,...
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