Tagged: Svein Gjedrem

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...

Norway’s Key policy rate increased to 1.50 per cent

Norges Bank’s Executive Board decided today to increase the key policy rate by 0.25 percentage point to 1.50 per cent. “Inflation has been slightly higher than expected. Unemployment is considerably lower than previously projected....

Norway central bank governor demands tougher bank regulation

OSLO, Feb 12 (Reuters) – Norway’s central bank Governor Svein Gjedrem called on Thursday for tougher capital requirements on banks and said Norwegian interest rate policy could still provide scope for economic stimulus. In...

Norway to unveil banking support package on Feb. 9

By Aasa Christine Stoltz and Camilla Knudsen OSLO, Feb 5 (Reuters) – Norway’s planned banking support package, due out on Feb. 9, is expected to ease corporations’ access to refinancing but may fail to...

Norway Lowers Benchmark Rate to Revive Growth

  Norges Bank’s Executive Board decided Feb. 4 to reduce its key policy rate by 0.50 percentage point to 2.50 per cent. “Global economic growth has weakened further since December. The international downturn seems...