Norwegians bemoan weak kroner

Quick Summary:

It’s been costing Norwegians more than 14 of their kroner to buy just one British pound this week, more than NOK 12 to buy a euro and more than NOK 11 to buy a US dollar.

Now there’s speculation that not only may the bank opt against an interest rate cut, its monetary policy committee may raise rates again.

After a quick succession of interest rates hikes from arguably artificially low levels during the pandemic (zero for many months), many thought Norges Bank would lower rates sometime this fall.

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Article Details

Author / Journalist: Nina

Category: Business

Markets: NorwayChinaSweden

Topics: Economy Interest rates Business Currency News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-27 @ 17:00:12 (2 days ago)

News Timezone: GMT +8:00

News Source URL: newsinenglish.no

Language: English

Article Length: 956 words

Reading Time: 6 minutes read

Sentences: 32 lines

Sentence Length: 30 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © News in English

News ID: 21830451

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About News in English

Main Topics: Business

Official Website: newsinenglish.no

Year Established: 2008

Headquarters: Norway

News Last Updated: ago

Coverage Areas: Norway

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #108

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