News Norway Interest: Norway keeps interest rates on hold, eyes December hike
Norway's central bank kept its benchmark interest rate unchanged at 4.25% on Thursday, as widely expected, and said it would likely raise the cost of borrowing next month unless inflation showed a continued decline. "Based on the committee's current assessment of the outlook, the policy rate will likely be raised in December," Norges Bank Governor Ida Wolden Bache said in a statement. "If the committee becomes more assured that underlying inflation is on the decline, the policy rate may be kept on hold," she added.
News Norway Interest: Norway keeps key interest rate unchanged
Norway's central bank, Norges Bank, left its key interest rate unchanged on Thursday but kept the door open for further rate hikes. The Monetary Policy and Financial Stability Committee decided to keep the policy rate unchanged at 4.
News Norway Interest: Norway holds at 4.25%: Core inflation double miss shifts September hike odds
Norway interest rate held at 4.25% on August 13 as back-to-back CPI-ATE misses weakened the case for immediate tightening. Norges Bank's September 24 decision now hinges on how the bank interprets a kindergarten price cap reversal that will mechanically lift August core inflation data regardless of underlying demand.
News Norway Interest: Norway sovereign wealth fund CEO warns of rocky times
Norway's $1.2 trillion sovereign wealth fund is prepared for a rocky ride as it confronts the biggest geopolitical changes in three decades, its chief executive said on Tuesday. "We probably face the greatest changes for 30 years," Nicolai Tangen told a Norwegian parliamentary hearing, adding the world's largest sovereign wealth fund expects "growing frictions between superpowers and a reversal of globalisation". Tangen said that the Norwegian fund, which invests all of its assets in foreign stocks, bonds, property and renewable energy projects, has "nowhere to hide" and must manage the risk that comes with exposure to global markets.
News Norway Interest: Norway's central bank to hold rates next week, raise in June
Norway's central bank will keep its benchmark interest rate on hold next week at 0.75% while confirming plans for a hike in June, a Reuters poll showed on Wednesday.
News Norway Interest: Rocky ride ahead for Norway's $1.2 trillion wealth fund
OSLO, May 3 (Reuters) - Norway's $1.2 trillion sovereign wealth fund is prepared ... has continued to increase, while interest rates are still very low and share prices remain high. Of all the risk ...
News Norway Interest: Interview: Avinor hails “high-value opportunity” as retail and F&B contracts are tendered at Norway’s airports
Dermot Davitt speaks to senior Avinor executives about retail and F&B contracts that have just come to market, with sales valued at €830 million over five years.
News Norway Interest: National Road Safety Week: Here's How Norway Achieved 78% Reduction In Road Fatality
Norway is known for its low road fatality rate, with road safety reports showing that the nation has the lowest road mortality rate than other IRTAD countries.
