Further economic downturn - but no crisis
A fall in oil investment is expected to reduce mainland Norway’s GDP growth to just 1.1 per cent in 2015, compared with 2.3 per cent in both 2013 and 2014, according to Statistics Norway (SSB).
updated 1:57 PM UTC, Jul 18, 2019
Money & Finance
Money and Finance
Central Bank-chief asks politicians to cut spending
Head of Norway's Central Bank demands that the government does not use any more oil money. - We have reached a peak, he says.
Norwegians still trust their personal economy
Norwegians still have good faith in their personal financial situation, but have suddenly become more pessimistic about the nation's future economy.
Oil fund sells out of 49 companies due to sustainability concerns
The oil fund sold its ownership in 49 different companies last year due to a high level of uncertainty concerning the companies' sustainability.
Key Policy Rate unchanged at 1.5 per cent
The Executive Board of the Norwegian Cntral Bank (Norges Bank) has decided to keep the key policy rate unchanged at 1.5 percent.
Key policy rate cut by 0.25 percentage points
The Executive Board of the Norwegian Central Bank (Norges Bank) decided at their Thursday meeting to lower the key policy rate by 0.25 percentage point to 1.25 per cent, a historic low.
