As expected by most analysts, the Executive Board of the Norwegian Central Bank (Norges Bank) decided to keep the key policy rate unchanged at 2 per cent at its meeting Wednesday.
”Underlying inflation has been approximately as projected and is now around 1½ per cent. Growth in the Norwegian economy has picked up as expected. Contacts in our regional network confirm that capacity utilisation is increasing, but that the level of activity is probably still somewhat lower than normal. Growth has been unexpectedly high among several of Norway’s most important trading partners. In addition, equity prices are holding up and oil prices have risen”, says Deputy Governor Jan F. Qvigstad
"On the other hand, uncertainty regarding developments in Europe persists. Central bank key rates abroad are expected to remain low for some time. An overall assessment suggests that the key policy rate be left unchanged at this meeting," he says.
”The consideration of guarding against the risk of future financial imbalances that may disturb activity and inflation somewhat further ahead suggests that the key policy rate should not be kept low for too long”, says Qvigstad.
The Key Policy rate in Norway has remained at 2 per cent since May this year.
(NRK/Press release)
The Executive Board of the Norwegian Central Bank (Norges Bank) has decided to keep the key policy rate unchanged at 1.5 percent. (Photo Norges Bank Deputy Governor Jan Qvigstad)
..
The Executive Board of the Norwegian Central Bank (Norges Bank) has decided to keep the key policy rate unchanged, at 1.5 per cent. The record low key policy rate has remained unchanged since March 14th last year.
..
As the Government began their annnual budget conference, Prime Minister Jens Stoltenberg said he is pleased with the development of the Norwegian economy, but sees challenges ahead in the work to form the budget for 2014.
..
As expected by most analysts, the Norwegian Central Bank (Norges Bank)'s Executive Board has decided to keep the key policy rate unchanged at 1.5 percent.
..
In its outlook, Statistics Norway (SSB) states that the Norwegian economy continues to defy the bleak global economy, and that activity growth is expected to remain reasonably high for the foreseeable future.
..
As predicted by most analysts, the Norwegian Central Bank's Executive Board decided to keep the key policy rate unchanged at 1.5 percent.
..
Developments of the Norwegian economy stand in stark contrast to the developments of many of the trading partners. Growth in the Norwegian economy is expected to continue ahead, albeit at a somewhat slower pace, says Finance Minister Sigbjørn Johnsen.
..
The upturn in the Norwegian economy that started in spring 2011 is expected to continue for at least another four years, according to Statistics Norway (SSB).
..
Norwegian branded consumer goods company Orkla ASA has signed an agreement with the Rieber family for the purchase of their shares in Rieber & Søn ASA.
..
Since 2007, prices in the Norwegian real estate market have increased more than in any other industrialized country, according to figures from OECD.
..
The Bank of Norway predicts that salaries will continue to increase, along with a low interest rate.
..
Interest rates have been low for several years, and is one of the main reasons why real estate prices will continue to increase.
..
Presenting the revised National Budget for 2012, Finance Minister Sigbjørn Johnsen said Economic activity in Norway has held up well in 2012, despite the global economic slowdown.
..
