Tag: interest rates

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....

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...
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