50103
Norway to Leave Rate Unchanged
Norway to Leave Rate Unchanged

Norway to Leave Rate Unchanged

Norway to Leave Rate Unchanged

Norway’s central bank is predicted to leave its key policy rate unchanged at a record low as the economy of western Europe’s biggest oil producer fights off the biggest slump in crude prices in a generation. The central bank will keep its key policy rate at 0.50% at a meeting on Thursday, according to 15 of 22 economist surveyed by Bloomberg. Seven predict a cut to 0.25%. The bank will likely keep an easing bias to avoid the krone from strengthening too much, according to DNB ASA and Nordea Bank. The currency has risen 5% on trade-weighted basis this year. “The way the economy looks now, there is no obvious need for a rate cut,” said Harald Magnus Andreassen, chief economist at Swedbank in Oslo. The bank will likely lift its rate path “a bit” without excluding the possibility that there could be another rate cut, he said.

 

Short URL : https://goo.gl/5P3p0Z
  1. https://goo.gl/AE0by7
  • https://goo.gl/Y0zvtf
  • https://goo.gl/KCo23a
  • https://goo.gl/phh6Tm
  • https://goo.gl/E3RXnE

You can also read ...

China Challenges US Solar Panel Duties
China says it is challenging a US tariff hike on solar panels...
In a retaliatory move, President Recep Tayyip Erdogan’s government on Wednesday announced higher tariffs on some US imports, namely on passenger cars (120%) and leaf tobacco (60%).
Turkey has raised tariffs on some US imports, including...
World trade volume growth peaked in January at almost 5.7% year-on-year but nearly halved to less than 3% by May.
Cyclical indicators point to slower and more uneven growth in...
Moody’s Predicts Slower Fiscal Progress in S. Africa
South Africa’s fiscal consolidation will be slower than the...
Nigeria CPI Drops to 11.14 Percent
Nigeria’s National Bureau of Statistics says the consumer...
File picture of Kim Jong-un (L) and Moon Jae-in at the truce village  of Panmunjom, South Korea.
South Korea President Moon Jae-in on Wednesday offered a bold...
Surging Inflation Mars Philippines Growth
The Philippine economy in 2018 is a story that can be summed...
Transport tickets and fuel have driven up costs for consumers.
Inflation in the UK climbed in the month of the July, as had...

Trending

Googleplus