The Norwegian central bank on Wednesday surprised market watchers by raising interest rates for the second time in the last three months, lifting its key rate by a quarter percentage point to 1.75 percent.
Maintaining however that it plans to keep rates low until the middle of next year, Norges Bank cited renewed economic growth, both at home and abroad, and sharper-than-expected inflation for the move.
To read the whole story visit Business Week.
The Norwegian American
Published since May 17, 1889 PO Box 30863 Seattle WA 98113 Tel: (206) 784-4617 • Email: naw@na-weekly.com
A modern-day “vintage” photo shoot
May 29, 2023
Lars Mytting’s The Reindeer Hunters
May 28, 2023
May 27, 2023
Sámi youth argue Fosen case at UN forum
May 26, 2023
A modern-day “vintage” photo shoot
May 29, 2023
Finland becomes NATO’s 31st member
May 2, 2023
Stoltenberg om en historisk dag for NATO
May 3, 2023
May 4, 2023
