NEWS

Accounting / Financial

Norges Bank Proves Its Hawk Status as Rate Hike Moves Closer

Business

Category: Accounting / Financial

Norway’s central bank brought forward the timing of what will probably be the rich world’s first cycle of interest rate hikes since the pandemic broke out. The Oslo-based bank, which kept its main rate unchanged at zero on Thursday, as predicted, said it now expects to start raising its benchmark deposit rate in the “latter […]

Source: Bloomberg


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World’s Most Gender-Diverse Corporation Says Secret to Success Is Childcare

Business

Category: Accounting / Financial

One of Europe’s best capitalized and top performing banks was also just named the world’s most gender diverse corporation. DNB ASA, Norway’s biggest bank, achieved the highest score for equality between the sexes of all corporations in the Equileap Gender Equality Global Report & Ranking of 2021, published this month. DNB’s chief executive, Kjerstin Braathen, […]

Source: Bloomberg


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Economic perspectives by Øystein Olsen, Governor, Norges Bank

Business

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


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Norway enlists experts to probe climate opportunities for SWF

Business

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


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

Business

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: May 6, 2021


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