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Inflation in Sweden and Norway remained well below central bank targets in December, reinforcing bets that benchmark interest rates will be slow to rise in the region grappling to avoid Europe’s debt crisis.
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Norway’s jobless rate unexpectedly rose in the October quarter as companies prepared for weaker economic growth amid a recession in the euro area.
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Norwegian retail sales declined more than analysts had expected last month as consumer spending slowed amid faltering growth in Europe and the U.S.
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Norway’s central bank kept its benchmark interest rate unchanged for a third consecutive meeting as European leaders struggle to contain a debt crisis that’s threatening the region’s economic recovery.
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The Norwegian central bank’s decision to fight krone gains with interest rate cuts may invite speculators to test policy makers’ resolve to weaken the currency.
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Norway’s central bank left its benchmark interest rate unchanged for a third meeting today after policy makers scaled back tightening plans to adjust to the prospect of a slower recovery in global export markets.
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Norway’s central bank will probably forge ahead with planned interest rate increases this year as the European debt crisis fails to boost the local currency, said former deputy governor Jarle Bergo .
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Norway’s central bank will force lenders to wean themselves off its deposit facility in an effort to spur interbank lending even as Europe’s debt crisis threatens to trigger a region-wide liquidity squeeze.
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Norway’s central bank will probably leave its benchmark interest rate unchanged today as policy makers assess the impact of a sluggish U.S. recovery on the global economy.
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Norway’s seasonally adjusted registered unemployment declined in January as an economic recovery in the Nordic nation fed through to the labor market.
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