Tag: interest rates

‘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,...

DNB ‘most solid’ but shares suffered

Norway's largest bank, DNB, has reported more huge profits in its second quarter and described itself as one of the world's "most solid" banks. That...

Weaker krone hits holiday makers

July is typically the time when many Norwegians head abroad, seeking sun and relaxation in warmer, cheaper southern European countries. This summer's holiday may be...

Low interest rates to offset oil losses

NEWS ANALYSIS: The Norwegian central bank's decision this week to keep interest rates low is rooted in a sobering but now widespread prediction for...

Interest rates to ‘remain low longer’

Norway's central bank decided on Thursday, as expected, to keep its key lending rate unchanged at 1.5 percent. The bank's executive board saw no...

Biggest banks cut interest rates

Several of Norway's major banks cut interest rates on home loans this week after months of customer and political protests. The country's largest bank,...

Interest rates to stay steady

Norway's central bank (Norges Bank) will leave interest rates unchanged at 1.5 percent, and does not anticipate a rate rise until the summer of...

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...
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