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  • Norway Keeps Key Rate Unchanged Norway's central bank retained its key policy rate and hinted that the rate will remain at current level in the period ahead. The executive board of Norges Bank unanimously decided to maintain the policy rate at 0.50 percent. The previous change in the rate was a quarter-point reduction in March 2016. Policymakers noted that there is a continued need for an expansionary monetary policy. Interest rates abroad are low. Capacity utilization in the Norwegian economy is below a normal level, and the outlook suggests that inflation will remain below 2.5 percent in the coming years, the bank said. Further, the bank said uncertainty surrounding the effects of monetary policy suggests a cautious approach to interest rate setting, also when it becomes appropriate to increase the key policy rate. "The Executive Board's current assessment of the outlook and balance of risks suggests that the key policy rate will remain at today's level i..

    Norway Keeps Key Rate Unchanged

    Norway Keeps Key Rate Unchanged Norway's central bank retained its key policy rate and hinted that the rate will remain at current level in the period ahead. The executive board of Norges Bank unanimously decided to maintain the policy rate at 0.50 percent. The previous change in the rate was a quarter-point reduction in March 2016. Policymakers noted that there is a continued need for an expansionary monetary policy. Interest rates abroad are low. Capacity utilization in the Norwegian economy is below a normal level, and the outlook suggests that inflation will remain below 2.5 percent in the coming years, the bank said. Further, the bank said uncertainty surrounding the effects of monetary policy suggests a cautious approach to interest rate setting, also when it becomes appropriate to increase the key policy rate. "The Executive Board's current assessment of the outlook and balance of risks suggests that the key policy rate will remain at today's level i..
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  • *Norway Central Bank Holds Interest Rate At 0.50% Norway Central Bank Holds Interest Rate At 0.50%

    *Norway Central Bank Holds Interest Rate At 0.50%

    *Norway Central Bank Holds Interest Rate At 0.50% Norway Central Bank Holds Interest Rate At 0.50%
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  • Norway's Inflation Slows In August Norway's inflation slowed in August largely due to a fall in food cost, data from Statistics Norway showed Monday. Inflation eased to 1.3 percent in August from 1.5 percent in July. Consumer prices fell 0.8 percent from July mainly due to lower food prices. Prices of food and non-alcoholic beverages declined 3.4 percent annually and clothing and footwear prices slid 0.3 percent. Similarly, transport cost decreased 2.1 percent. Core inflation also eased in August, to 0.9 percent from 1.2 percent in July, data showed. Inflation, based on harmonized index of consumer prices, fell to 1.3 percent from 1.4 percent in July. On month, the HICP dropped 0.8 percent. Another report from the statistical office showed that producer price inflation accelerated to a 3-month high of 4 percent in August from 1.8 percent in July. Month-on-month, producer prices rose 0.4 percent in contrast to a 1 percent drop in July.

    Norway's Inflation Slows In August

    Norway's Inflation Slows In August Norway's inflation slowed in August largely due to a fall in food cost, data from Statistics Norway showed Monday. Inflation eased to 1.3 percent in August from 1.5 percent in July. Consumer prices fell 0.8 percent from July mainly due to lower food prices. Prices of food and non-alcoholic beverages declined 3.4 percent annually and clothing and footwear prices slid 0.3 percent. Similarly, transport cost decreased 2.1 percent. Core inflation also eased in August, to 0.9 percent from 1.2 percent in July, data showed. Inflation, based on harmonized index of consumer prices, fell to 1.3 percent from 1.4 percent in July. On month, the HICP dropped 0.8 percent. Another report from the statistical office showed that producer price inflation accelerated to a 3-month high of 4 percent in August from 1.8 percent in July. Month-on-month, producer prices rose 0.4 percent in contrast to a 1 percent drop in July.
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  • *Norway Aug Producer Prices Up 0.4% M-o-M Norway Aug Producer Prices Up 0.4% M-o-M

    *Norway Aug Producer Prices Up 0.4% M-o-M

    *Norway Aug Producer Prices Up 0.4% M-o-M Norway Aug Producer Prices Up 0.4% M-o-M
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  • Remark from the Norwegian Prime Minister Erna Solberg crossing on the wires via Bloomberg No indication from here on what she means by a 'good' rate for the krone. I'm guessing lower than where it is though.

    Norway’s PM Solberg: Important to keep a good krone rate for companies

    Remark from the Norwegian Prime Minister Erna Solberg crossing on the wires via Bloomberg No indication from here on what she means by a 'good' rate for the krone. I'm guessing lower than where it is though.
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  • *Norway Aug Manufacturing PMI 55.7 Vs. 57.5 In Jul, Consensus 56.9 Norway Aug Manufacturing PMI 55.7 Vs. 57.5 In Jul, Consensus 56.9

    *Norway Aug Manufacturing PMI 55.7 Vs. 57.5 In Jul, Consensus 56.9

    *Norway Aug Manufacturing PMI 55.7 Vs. 57.5 In Jul, Consensus 56.9 Norway Aug Manufacturing PMI 55.7 Vs. 57.5 In Jul, Consensus 56.9
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  • Norway Retail Sales Rebound In July Norway's retail sales increased in July after falling in the previous month, figures from Statistics Norway showed Wednesday. The retail sales volume, excluding motor vehicles, rose by a seasonally-adjusted 0.4 percent month-over-month in July, reversing a 0.6 percent decrease in June. The volume of retail sales grew 3.5 percent year-over-year in July.

    Norway Retail Sales Rebound In July

    Norway Retail Sales Rebound In July Norway's retail sales increased in July after falling in the previous month, figures from Statistics Norway showed Wednesday. The retail sales volume, excluding motor vehicles, rose by a seasonally-adjusted 0.4 percent month-over-month in July, reversing a 0.6 percent decrease in June. The volume of retail sales grew 3.5 percent year-over-year in July.
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  • *Norway Jul Retail Sales Up 0.4% On Month Norway Jul Retail Sales Up 0.4% On Month

    *Norway Jul Retail Sales Up 0.4% On Month

    *Norway Jul Retail Sales Up 0.4% On Month Norway Jul Retail Sales Up 0.4% On Month
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  • *Norway Jul Retail Sales Up 3.5% On Year Norway Jul Retail Sales Up 3.5% On Year

    *Norway Jul Retail Sales Up 3.5% On Year

    *Norway Jul Retail Sales Up 3.5% On Year Norway Jul Retail Sales Up 3.5% On Year
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  • Norway's GDP Growth Accelerates In Q2 Norway's economic growth accelerated in the second quarter largely driven by investment and exports, Statistics Norway said Thursday. Gross domestic product grew 1.1 percent sequentially, faster than the 0.2 percent expansion in the first quarter. At the same time, growth in Mainland-Norway held steady at 0.7 percent in the second quarter. Household consumption climbed 1 percent after rising 0.6 percent. Meanwhile, growth in government spending halved to 0.4 percent from 0.8 percent. Gross fixed capital formation rebounded 3.2 percent in the second quarter after falling 0.6 percent. Exports grew by 1 percent, in contrast to a 0.9 percent drop in the first quarter. On the other hand, imports declined 0.4 percent, reversing a 4.3 percent rise in the previous quarter. Data showed that petroleum activities and shipping advanced 3.7 percent after declining 2.3 percent.

    Norway's GDP Growth Accelerates In Q2

    Norway's GDP Growth Accelerates In Q2 Norway's economic growth accelerated in the second quarter largely driven by investment and exports, Statistics Norway said Thursday. Gross domestic product grew 1.1 percent sequentially, faster than the 0.2 percent expansion in the first quarter. At the same time, growth in Mainland-Norway held steady at 0.7 percent in the second quarter. Household consumption climbed 1 percent after rising 0.6 percent. Meanwhile, growth in government spending halved to 0.4 percent from 0.8 percent. Gross fixed capital formation rebounded 3.2 percent in the second quarter after falling 0.6 percent. Exports grew by 1 percent, in contrast to a 0.9 percent drop in the first quarter. On the other hand, imports declined 0.4 percent, reversing a 4.3 percent rise in the previous quarter. Data showed that petroleum activities and shipping advanced 3.7 percent after declining 2.3 percent.
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