Norges Bank
Norway’s benchmark central bank interest rate was held at 0.50%, but a statement released after the latest Executive Board meeting said a further cut remains possible. The rate was cut by 25 basis points in March, as well as June and September of last year. There were also two such reductions in 2014 and a 50-bp reduction in December 2011. Officials released a statement that had these words about the economy.
Growth in the Norwegian economy is likely to remain weak in the coming period, even though the upswing in oil prices may reduce uncertainty and push up demand somewhat. Should the rapid rise in house prices persist, household vulnerabilities may increase. Inflation has for a period been higher than 2.5%, but lower wage growth and a somewhat stronger krone will weigh down on inflation ahead.
Copyright 2016, Larry Greenberg. All rights reserved. No secondary distribution iwhtout express permission.
WE RECOMMEND THE VIDEO: What is FOREX? | FOREX Trading Explained in 5 minutes | Investing Basics |
Hey guys! In today's video, I will be discussing FOREX in just five minutes! I hope you enjoy watching and find this video helpful :) ▷ SUBSCRIBE to my ...
This entry was posted on Thursday, June 23rd, 2016 at 8:39 am and is filed under Central Bank Watch. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.
Comments are closed.
Currency Thoughts has evolved from a blog to a full-functioning website. This new design provides easier access to your favorite features and new capabilities to accept ads. In the future, it will be possible to register to accept emailed updates.