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Norway Set for Rate Hike as Economy Accelerates, Statistics Agency Says
Category: Business News
OSLO, Sept 3 (Reuters) – The Norwegian economy is set to grow rapidly in the next several years as it recovers from the impact of the pandemic, setting the stage for an imminent central bank rate hike, Statistics Norway (SSB) predicted on Friday. “The reopening of society is well underway, and the upswing in the […]
Source: Reuters
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Norwegian Government Proposes Overhaul of Petroleum Tax System
Category: Business News
OSLO, Aug 31 (Reuters) – Norway’s government has proposed overhauling taxation of its oil and gas firmsby scrapping some incentives, it said in a surprise announcement on Tuesday, further heating up a pre-election debate over the future of the country’s top industry. If passed by parliament, the proposals would remove deductions that some economists say […]
Source: Reuters
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Banks’ Hidden ESG Risks Exposed in Norway Wealth-Fund Review
Category: Business News
OSLO, Aug 20 (Reuters) – Norway’s $1.4 trillion sovereign wealth fund, the world’s largest, should push firms it invests in to eventually cut their greenhouse gas emissions to nil by 2050, in line with the Paris Agreement, a government-appointed commission said on Friday. Climate risk should also be made a part of the mandate of […]
Source: Bloomberg
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Norway Rates Seen Rising in September, GDP to Accelerate in 2022, Agency Says
Category: Business News
OSLO, June 4 (Reuters) – The Norwegian economy will grow less than expected this year but at a faster pace in 2022 than previously anticipated, Statistics Norway (SSB) said in updated projections on Friday. “The vaccination of the population is progressing well, and the reopening of society will give a significant boost to economic activity […]
Source: Reuters
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Policy rate unchanged at zero percent
Category: Business News
Norges Bank’s Monetary Policy and Financial Stability Committee has unanimously decided to keep the policy rate unchanged at zero percent. In Monetary Policy Report 1/21, which was published on 18 March, the policy rate forecast indicated a gradual rise from the latter half of 2021. Economic developments have been largely in line with the projections in the […]
Source: Norges Bank
Published: May 6, 2021
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