Weak krone sparks debate

Quick Summary:

Norway’s unusually weak currency, the krone, strengthened a bit on Monday but remains a problem that’s made many Norwegians feel poorer.

The government refuses, though, to set up a so-called “krone commission” that could bind the krone to the euro, and supports Norway’s central bank in keeping interest rates unchanged.

I would add that she really was saying ‘don’t mess around with my mandate (which is to keep inflation low and employment high).’ I think that’s wise because we have a krone exchange rate that protects us.

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Article Details

Author / Journalist: Nina

Category: Business

Markets: Norway

Topics: Business News

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-19 @ 16:35:57 (1 days ago)

News Timezone: GMT +8:00

News Source URL: newsinenglish.no

Language: English

Article Length: 1118 words

Reading Time: 7 minutes read

Sentences: 33 lines

Sentence Length: 34 words per sentence (average)

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

Copyright Owner: © News in English

News ID: 22176217

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About News in English

Main Topics: Business

Official Website: newsinenglish.no

Year Established: 2008

Headquarters: Norway

News Last Updated: 1 days ago

Coverage Areas: Norway

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

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Publisher ID: #108

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