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

Norges Bank Hikes Key Rate By 25 Bps; Signals Another Hike

Norges Bank raised its policy rate by a quarter-point on Thursday to bring inflation back to the target and signaled another hike if inflation outlook warrants. The Monetary Policy and Financial Stability Committee decided to hike the policy rate to 4.50 percent from 4.25 percent. The bank had raised the rate by 25 basis points in May.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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