Tagged: Euro

Interest rate increases may be canceled

Households are spending less than expected, despite the fact that most people have relatively good prospects. The key rate from Norges Bank can be kept unchanged or cut during the year, according to economists....

Finnish PM wants Norway to join EU

Finnish Prime Minister Matti Vanhanen says in an interview with YLE News that he would like to see Norway join the European Union. Today, Denmark, Finland and Sweden are members of EU, while Iceland,...

UBS: Sweden, Norway Will Outperform Euro Area

Aug. 28 (Bloomberg) — Sweden and Norway will enjoy a faster economic recovery than the euro area, boosting their currencies, as policy makers raise interest rates earlier than the European Central Bank, UBS AG...

Norwegian crown strengthens after rates unchanged

The Norwegian crown strengthened against the euro after Norway’s central bank kept its main interest rate unchanged at 1.25 percent on Wednesday, in line with analyst forecasts. Read the whole story at Forbes.

Norway banks lukewarm on crown-based money market

OSLO, Jan 29 (Reuters) – Norwegian bankers, who have been mulling ditching a dollar-based money market for a crown-based one, say it would make the financial system less vulnerable to contagion from outside but...