Norway central bank raises interest rate, may hike again
- On Thursday, Norges Bank raised its key policy rate by 0.25 percentage points to 4.5 percent, with the Norwegian krone strengthening immediately after the announcement as Central Bank Governor Ida Wolden Bache aimed to curb inflation toward the 2 percent target.
- Inflation has remained above the 2 percent target for several years, prompting Norges Bank to implement its second rate hike this year, while Sweden's central bank, the Riksbank, has kept its key interest rate steady at 1.75 percent.
- Ongoing strikes by the Norwegian Locomotive Drivers forced 138 train cancellations on Thursday, with 145 more scheduled for Friday; leader Rolf Ringdal said the union can continue "for many weeks" without direct dialogue between parties.
- Oslo city council proposed a 2027 budget eliminating residential property taxes and capping monthly transit passes at 499 kroner, though the plan also includes a 27.5 percent increase in water fees, with a final vote scheduled for December.
- State meteorologists warn that temperatures may exceed 20C as record October heat approaches, while Norway Police continue searching for missing Czech tourists after a boat sank off the coast of Nordmøre.
32 Articles
32 Articles
BT
berlingske.dkWhile Norway's central bank is raising interest rates, just as Denmark has done, it is being held steady in Sweden.
Norges Bank Hikes for Second Time With Readiness to Act Again
Norway’s central bank increased borrowing costs for the second time this year, and said it’s primed to hike again if necessary to tame consumer prices, with its hawkish mood also echoed by neighboring Riksbank.
Aftenposten
The interest rate thriller ended with an increase.
Norway central bank raises interest rate, may hike again
Norway's central bank raised its policy interest rate by 25 basis points to 4.50% on Thursday as expected by a narrow majority of analysts in a Reuters poll, and said it may hike again to contain inflation.
Norwegian mortgage customers brace themselves: The key interest rate is raised to 4.5 percent. Central Bank Governor Ida Wolden Bache warns that interest rates will likely remain high for some time to come.
Norges Bank raises key interest rate from 4.25 to 4.5 percent. The central bank warns that there may be more rate hikes if necessary.
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