Norges Bank Lifts Key Rate By 25 Bps; Hints At More Tightening

Norway Central Bank Hikes Rate Unexpectedly

Norway's central bank raised its benchmark rate unexpectedly by a quarter-point on Thursday as the war in the Middle East pushed up inflation and raised substantial uncertainty about the economic outlook. The Monetary Policy and Financial Stability Committee of Norges Bank decided to raise the policy rate to 4.25 percent from 4.0 percent.

RTTNews | 131 days ago

Norway Central Bank Holds Key Rate; Signals Rate Hike

Norway's central bank left its benchmark interest rate unchanged on Thursday but signaled future hike to tackle rising inflation fueled by the Middle East conflict. The Monetary and Financial Stability Committee of Norges Bank decided to hold the policy rate at 4.00 percent. The bank had reduced the rate by 25 basis points each in September and June.

RTTNews | 173 days ago

Norway Cuts Interest Rate By 25 Bps

Norway's central bank reduced its interest rate for the second time this year and signaled further reduction in the course of the coming year but not as quickly as envisaged before summer. The Monetary Policy and Financial Stability Committee of Norges Bank cut the policy rate by 25 basis points to 4.0 percent.

RTTNews | 362 days ago

Norway Central Bank Unexpectedly Trims Rate By 25 Bps

Norges Bank cut its interest rate unexpectedly for the first time in five years as inflation eased somewhat faster than expected and signalled further reduction in policy rate if the economy evolves as estimated. The Monetary Policy and Financial Stability Committee of Norges Bank unanimously decided to cut the policy rate to 4.25 percent from 4.50 percent.

RTTNews | 453 days ago

Norges Bank Unexpectedly Leaves Rate Unchanged Again

Norway's central bank left its key interest rate unchanged on Thursday despite signaling an easing in the previous policy session in January, citing a stronger than expected acceleration in inflation and the uncertain economic outlook but continued to hint at the possibility of a reduction during the course of the year.

RTTNews | 537 days ago

Norway Central Bank Holds Rate; Set To Loosen Policy In March

Norway's central bank left its key interest rate unchanged as widely expected on Thursday and reaffirmed that the rate will likely be reduced in March as rapid rise in business costs could stoke inflation ahead. The Monetary Policy and Financial Stability Committee of Norges Bank decided to hold the policy rate unchanged at 4.5 percent.

RTTNews | 600 days ago

Norway Central Bank Keeps Rate Unchanged As Expected

Norges Bank left its benchmark rate unchanged on Thursday and suggested that the policy rate will be kept at the current level until the end of this year although the time to ease is approaching. The Monetary Policy and Financial Stability Committee, headed by Governor Ida Bache, decided to hold the policy rate at 4.50 percent.

RTTNews | 726 days ago

Nokia Posts Q4 Loss, Warns On Q1; Plans EUR 600 Mln Buy Back; Stock Up

Finnish network company Nokia Corp. reported Thursday a loss in its fourth quarter, compared to prior year's profit, amid weak net sales. Looking ahead, the company expects challenging environment to continue, particularly in the first quarter. Further, the Board proposed dividend authorization of 0.13 euro per share and initiated two year 600 million euros buyback program.

RTTNews | 964 days ago

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