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Tuesday, 28 May 2013

Money and Finance

Norway's Central Bank increases interest rate

Business - Money and Finance

As expected, the Norwegian Central Bank's Executive Board on Wednesday decided to raise the sight deposit rate by 0.25 percentage point to 3.00 per cent effective Thursday 17 August 2006. The interest rate on banks’ overnight loans is also being raised by 0.25 percentage point.

Wednesday, 16 August 2006 03:08

Increasing trade surplus for Norway

Business - Money and Finance

The value of Norwegian exports is now nearly twice that of the naation's imports, according to fresh figures from Statistics Norway (SSB). The main reason is the high price for oil.

Tuesday, 18 July 2006 08:07

Oil Fund pulls out of Wal-Mart

Business - Money and Finance

The Finance Department will no longer invest money from the National Oil Fund in the Wal-Mart stores nor in the Freeport minining company. The decision was made on the advice of the Ethical Council of the State Pension Fund.

Wednesday, 07 June 2006 09:06

Interest rate remains unchanged

Business - Money and Finance

As expected, the Norwegian Central Bank held its key interest rate steady at 2.75 percent on Thursday despite signs of strong economic growth. However, many predict a new hike in August. (Photo: Central Bank headquarter)

Saturday, 03 June 2006 08:06

Oslo Stock exchange: Sharp drop in share value

Business - Money and Finance

The main index of the Oslo Stock Exchange on Monday fell by more than five per cent to 395.08 points, the sharpest collective drop since 2002. The value of the companies on the Oso exchange fell by more than NOK 100 billion.

Tuesday, 16 May 2006 09:05

Strong growth expected in Norwegian economy

Business - Money and Finance

Presenting the Revised National Budget for 2006, the Government states that the strong performance of the Norwegian economy continues. Economic activity is high, the labour market is improving rapidly and unemployment is falling towards low levels. (Photo: Finance Minster Kristin Halvorsen)

Sunday, 14 May 2006 10:05

Interest rate remains unchanged

Business - Money and Finance

As expected, the Norwegian Central Bank on Wednesday announced that its key interest rate would remain unchanged, at 2.50 per cent.

Thursday, 27 April 2006 07:04

Norwegian currency at record level

Business - Money and Finance

The Norwegian krone has been strengthened over the past few days, and was Tuesday quoted at NOK 7.82 against the Euro, the highest rate since the middle of November last year.

Wednesday, 12 April 2006 08:04

Increasing foreign trade surplus

Business - Money and Finance

Norway's foreign trade surplus for goods increased by 19.7 per cent in March, compared with the same month last year. Total export value for the month reached NOK 68 billion, or 25.9 per cent higher than in March 2005.

Sunday, 02 April 2006 08:04

Interest rate increased as expected

Business - Money and Finance

As expected by most analysts, the Norwegian Central Bank on Thursday announced a 0.25 percentage point hike in the sight deposit rate to 2.50 per cent. The rise is effective March 17th, the announcement said.

Thursday, 16 March 2006 03:03