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Found 222 results for "interest rates" on the site

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  • Real wage growth expected in 2024

    Published:

    . Norges Bank is waiting for other central banks before cutting interest rates The key policy rate was raised from 0 per cent in September 2021 to. Interest rates for revolving credit mortgages, estimated at 6 per cent in 2024, will then fall by almost

    Article
  • Weak krone means another year of real wage decline

    Published:

    . The consequence is likely to be another year of real wage decline and two more interest rate hikes. Published. Interest rate peak of 3.75 per cent this autumn The impact of the weak krone on inflation means that Norges Bank is likely to raise the key policy rate further from the current level of 3.25 per cent

    Article
  • High inflation leads to downturn in Norwegian economy

    Published:

    Economic trends for Norway and abroad High inflation leads to downturn in Norwegian economy Widespread price growth, increased interest rates and weaker growth prospects internationally will lead to. Together with the higher interest rates, this has reduced purchasing power and household consumption, which is putting a damper on economic activity

    Article
  • Pension entitlements are four times higher than GDP

    Published:

    Norway’s dynamic microsimulation model MOSART. Estimations of entitlements are based on expected future pension benefits and choice of net interest rate) is the current value of a future sum of money or cash flow stream given a specified rate of return

    Article
  • Decrease in interest payments, but increase in debt for home owners

    Published:

    . Interest rates have been very low for several years. The numbers from the Survey of Living Conditions show that the total housing costs for owners haveDecrease in interest payments, but increase in debt for home owners Published

    Article
  • Norway rates tenth in educational attainment

    Published:

    Indicators on education in the OECD, academic year 2005/2006 Norway rates tenth in educational attainment Published. More information Norway reclassified the educational attainment categories in 2006, to better meet the international standards as well as national interests

    Article
  • The economy is improving, but the crisis is not over

    Published:

    . Towards normalisation of interest rates Norges Bank responded to the COVID-19 pandemic with interest rate cuts, and the key policy rate has been 0 per cent for just over a year. ‘The zero interest rate reflects an economy in crisis. As economic activity increases and society continues to reopen, interest rates are likely to be raised from the current abnormally low level

    Article
  • Substantial current account surplus albeit lower than last year

    Published:

    . Norway's interest expenses increased by 127 percent compared to 2022. Higher interest rates in Norway and internationally are an important reason for the increase in interest payments interest and current transfers balance showed a surplus of NOK 155 billion in 2023, 46

    Article
  • Increase in foreign guest nights and decrease in Norwegian guest nights at hotels

    Published:

    . The combination of escalating prices and rising interest rates this year, has reduced the purchasing power of many Norwegians, which in turn may have led to reduced hotel guest nights by Norwegians

    Article
  • Normalization of the trade balance

    Published:

    The trade balance weakened due to lower prices for petroleum exports Higher interest rates have resulted in greater interest. Higher interest rates in Norway and internationally are an important reason for the increase in interest payments

    Article
  • Normalisation of the Norwegian economy on the horizon

    Published:

    boost to economic activity in Norway. The first interest rate hike will most likely be in September. Published. According to the estimates, unemployment will be 4.6 per cent in 2021, falling to 3.7 per cent in 2024. ‘As the economy accelerates at a rapid pace going forward, the abnormally low zero interest rate will quickly become untenable

    Article
  • Weak development in the Norwegian economy in 2023

    Published:

    , higher interest rates and reduced household demand, says Head of National Accounts, Pål Sletten demand caused by interest rate hikes, higher prices and weak development in household real wages

    Article
  • Good results for the banks

    Published:

    . Decreased net interest income In the first quarter of 2021, the banks’ net interest income The difference between the total interest rate income and total interest rate expenses. Lukk amounted to NOK 20.9 billion. This is NOK 3.0 billion less compared to the net interest income in the same period last year

    Article
  • Reduced government surplus

    Published:

    . This is mainly explained by rising interest rates from 2022 onwards. Compensation of employees and social benefits to households constitute more than 60 per cent of total government expenditure. The reduction in taxes is partly offset by increased property income, in particular interest and dividends. Figure 1

    Article
  • Trade balance remains elevated

    Published:

    . Higher interest rates in Norway and internationally are an important reason for the increase in interest payments. The rise in service imports is largely due to increased travel. The weakening of the krone exchange rate contributed to higher import prices

    Article