NEWS

Economic perspectives by Øystein Olsen, Governor, Norges Bank

Category: Accounting / Financial

Annual address by Governor Øystein Olsen to the Supervisory Council of Norges Bank on Thursday, 18 February 2021. One year ago, I stood here and delivered the annual address to 300 guests. This year is different. This evening there are no guests physically present at the central bank. The contrast with last year could hardly […]

Source: Norges Bank

Norway enlists experts to probe climate opportunities for SWF

Category: Accounting / Financial

The Norwegian government said it has appointed a panel of experts to look into financial climate risk and climate-related investment opportunities in relation to the country’s NOK11trn (€1trn) sovereign wealth fund. Read full article

Source: IPE

Published: February 5, 2021

Norway Is Seen Leading the Way in Post-Covid Interest Rate Hikes

Category: Accounting / Financial

Norway’s central bank said it may be able to raise interest rates earlier than previously thought, reinforcing the view it will be the first among holders of the world’s major currencies to tighten policy as the economy recovers.

Source: Bloomberg

Published: March 2, 2021

POLL-Norway’s central bank to keep policy rate at zero on Dec. 17

Category: Accounting / Financial

OSLO, Dec 8 (Reuters) – Norway’s central bank will leave its key interest rate unchanged next week at a record low of 0% as the COVID-19 pandemic continues to hamper the economy, a Reuters poll of economists forecast on Tuesday. The 23 participants in the poll were unanimous in predicting no change to the policy […]

Source: Reuters

Published: August 12, 2020

Only 4% of Norway uses cash as country evaluates CBDC, Norges Bank exec says

Category: Accounting / Financial

Cash usage has declined in Norway since COVID-19, but physical currency also carries strengths that CBDCs may lack.

Source: Cointelegraph

Published: June 11, 2020