Tagged: Inflation

High-cost Norway worried by struggling Europe

Norway must restrict its spending of petro-dollars to ensure its high-cost economy does not become even more expensive at a time when its European neighbours face low growth and stagnant wages, top policy makers...

Key policy rate increased to 1.75 percent

Norges Bank’s Executive Board decided today to increase the key policy rate by 0.25 percentage point to 1.75 percent. “Activity in the Norwegian economy has picked up and inflation is close to 2.5 percent....

Norway’s central bank keeps interest rates low

Norges Bank’s Executive Board decided today to keep the key policy rate unchanged at 1.25 per cent. “Inflation is now below the target of 2.5 per cent. The krone has appreciated and will, in...

Key policy rate unchanged at 1.25 per cent

Norges Bank’s Executive Board decided today (Aug. 12) to keep the key policy rate unchanged at 1.25 per cent. “Inflation is approximately in line with that expected. Underlying inflation is close to the inflation...

Major slowdown in Norwegian economy

The financial crisis and the backlash in the global economy are contributing to a fall in activity in the Norwegian economy, with the export industry being worst affected, according to the latest prognoses from...