Cuts to margins on mortgage products by lenders in Norway may yet cause the central bank to tighten its rates, sending NOK higher, says analyst Erik Johannes Bruce at Nordea Markets.
DNB Markets says it does not expect an interest rate change in Norway when that country's central bank announces its latest rates decision on Thursday this week.
Øystein Olsen, governor of Norges Bank, has said that the country's sovereign wealth fund, the Government Pension Fund Global, was a key reason global equity markets did not fall further when the financial crisis peaked between 2008-9.
Figures published by the Norwegian Home Builders' Association (Boligprodusentene) suggest the country's well known residential property price bubble could continue for another decade because of falling supply even as prices continue to rise.
Norway's central bank has kept its key policy rate unchanged at 1.5% following the latest meeting of its Executive Board.
The first signs of a topping out of the Norwegian property market may have come in the latest monthly residential property figures, which suggest prices rose just 0.2% in May.
Norway's struggle to balance the need for more expensive loans to prick a house price asset bubble against its already expensive currency hitting exporting companies has led the government to announce it is focused on fiscal constraint in its latest budget...
Norges Bank's surprise interest rate cut of 0.25% to 1.5% today signals a possible war with currency speculators, said Handelsbanken Capital Markets.
Norwegian interest rates will not go lower because the economy is doing better than the country's central bank downside scenario, according to Handelsbanken Capital Markets, part of Sweden's Handelsbanken.
Øystein Olsen, governor of Norwegian central bank Norges Bank, has repeated a warning against assumptions of return from the country's sovereign wealth fund - the so-called oil fund.
Norway's central bank is to announce its new rates at 2pm local time today, and analysts have rarely been as divided as to the outcome, says Nordea Markets in its morning note.
Norges Bank Investment Management, which manages Norway's sovereign wealth fund - the Pension Fund Global also known as the 'oil fund' - is set to spend NOK100bn (€13bn) buying European equities this autumn.
DnB Nor Markets says in a report today that it believes the ECB, and central banks in Norway and Sweden will be forced to cut interest rates before the end of 2011 to combat the fallout from the ongoing eurozone crisis.
TOBAM founder Yves Choueifaty talks about winning over the world’s toughest clients by challenging the benchmark investment model.
Norges Bank governor Øystein Olsen has warned he will use interest rates to dampen rampant speculation on the Norwegian krone, which has surged to record levels not seen since the 1980s after the Swiss National Bank forced its franc down against the euro....
Norway's central bank may announce higher interest rates tomorrow - even as the country's banks have started charging each other higher interest rates to lend in light of the uncertainties sparked by the ongoing financial crisis in Europe.