Tag: interest rates

Norwegian holidays darker this year

More Norwegians than usual are hoping for brighter days after the winter solstice this year because of a new, unfamiliar situation: relative poverty. Inflation,...

Interest rates boosted again

Norway's central bank doled out a pre-holiday surprise on Thursday, but not the one borrowers wanted: Its key policy rate was raised by another...

Housing prices stayed surprisingly high

New numbers emerged this week that indicate the housing market is doing better than expected in Norway, even after months of interest rate increases....

‘Tighter’ economy warded off rate hike

Sales of new homes and holiday homes fell again last month, car sales have crashed and consumer price hikes are easing if not falling....

Cars sales crash

Norway's car dealers suffered another dramatic fall in new car sales last month. They were down 29.4 percent in September compared to the same...

More homes go unsold

The number of unsold homes in Norway's capital has risen to its highest level since 2017. Prices fell by 1 percent in August, but...

Krone remains weak as interest rates and prices rise

Norway's key interest rate rose again on Thursday and the price of the country's North Sea crude oil is higher than it's been in...

Norwegian banks boost interest rates, again

Norway's biggest bank, DNB, was once again the first to announce another interest rate hike this week. It comes after the country's central bank...

Krone gained more strength

The cost of one US dollar fell under 10 Norwegian kroner for the first time since last winter on Thursday. It didn't last long, but...

High housing prices start to sink

Norway's notoriously high housing prices fell last month for the first time this year, by a national average of 1.2 percent. Analysts expect a...
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