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Reuters - 1 week ago

Norway central bank must hike rates to bring down inflation, governor says

Norway central bank must hike rates to bring down inflation, governor says OSLO, March 23 (Reuters) - Norway's central bank must raise interest rates in order to bring down inflation, Governor Ida Wolden Bache told a news conference on Thursday. "Our job is to get inflation down to the goal of 2%," she said. Norges Bank on Thursday raised its benchmark interest rate by 25 basis points (bps) to 3.0% and said it would likely hike again in May and also after that to hit 3.5% during the coming summe
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Reuters - 1 week ago

Norway central bank raises rate to 3%, eyes hikes in May and June

UPDATE 4-Norway central bank raises rate to 3%, eyes hikes in May and June Adds interview with governor By Victoria Klesty and Gwladys Fouche OSLO, March 23 (Reuters) - Norway's central bank raised its benchmark interest rate by 25 basis points (bps) to 3.0% on Thursday to rein in inflation and said it would likely raise it again in both May and June to a peak of 3.5%.
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Reuters - 1 week ago

Norway central bank raises rate to 3% as expected, says May hike likely

Norway central bank raises rate to 3% as expected, says May hike likely OSLO, March 23 (Reuters) - Norway's central bank raised its key policy rate by 25 basis points (bps) to 3.0% on Thursday, as expected by almost all economists surveyed by Reuters, and said it aimed for another hike in May and raise it further to hit 3.5% in summer. Of the 26 economists polled in advance, 25 had anticipated an increase of 25 bps on Thursday while one had bet on an increase of 50 bps.
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Reuters - 2 weeks ago

Norway seen hiking policy rate to 3% this week, with one more hike to come

POLL-Norway seen hiking policy rate to 3% this week, with one more hike to come reuters://realtime/verb=Open/url=cpurl://apps.cp./Apps/cb-polls?RIC=NOINTR%3DECI poll data Rate announcement due on March 23 Almost all analysts in Reuters poll see rate rising to 3% Policy rate expected to peak at 3.25% OSLO, March 20 (Reuters) - Norway's central bank is expected to raise its benchmark interest rate by 25 basis points (bps) to 3% this week to curb inflation and prop up a weakening currency, accordin
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Reuters - 3 weeks ago

Bank shares rout sparks alarm across world markets

INSTANT VIEW -Bank shares rout sparks alarm across world markets Turmoil has engulfed global banking stocks after U.S.-based Silicon Valley Bank was forced to raise fresh capital after losing $1.8 billion selling a package of chiefly U.S. bonds to meet depositor demands for cash. European banking shares fell 4% on Friday, following a more than 6% tumble in U.S.
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Reuters - 3 weeks ago

Weak crown could force the Norges Bank's hand

BUZZ-COMMENT-Weak crown could force the Norges Bank's hand March 10 (Reuters) - Norway's crown has fallen to its weakest level versus the dollar since October 2022 and versus the euro since May 2020. Depreciation in the NOK, some 6% below the Norges Bank's assumption, could force the central bank to hike by a larger than expected 50 basis points on March 23. Norway's February core inflation came in below market estimates at 5.9% yr/yr but in line with the Norges Bank forecast.
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Reuters - 3 weeks ago

This year should see greater divergence in FX markets

BUZZ-COMMENT-This year should see greater divergence in FX markets March 9 (Reuters) - The current tightening cycle in the United States has differed from the past with some central banks resisting pressure to follow the Federal Reserve and others striving to go far beyond it, resulting in big divergence for currencies that may increase this year.
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Reuters - 3 weeks ago

Norway's crown heading back towards March 2020 lows

BUZZ-COMMENT-Norway's crown heading back towards March 2020 lows March 8 (Reuters) - Significant weakening of the crown versus the dollar and euro on Tuesday underlined the Norwegian currency's vulnerability to external factors. The aggressively hawkish stance at the European Central Bank and U.S. Federal Reserve and the relatively low Norges Bank interest rate leaves the NOK on track to revisit its low points from March 2020. EUR/NOK has cleared key monthly resistance at 11.0317 and after Tuesd
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Reuters - 4 weeks ago

Banks and energy top European share buyback charts

LIVE MARKETS-Banks and energy top European share buyback charts STOXX 600 up 0.1% Staples up, financials top drag Eurozone core prices surge S&P 500 futures dip Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com BANKS AND ENERGY TOP EUROPEAN SHARE BUYBACK CHARTS (1230) Banks and energy companies combined accounted for nearly half the total share buybacks announced by STOXX 600 compa
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Reuters - 4 weeks ago

Strong China, weak dollar

LIVE MARKETS-Strong China, weak dollar STOXX 600 up 0.1% Staples up, financials top drag Eurozone core prices surge S&P 500 futures dip Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com STRONG CHINA, WEAK DOLLAR (1220 GMT) China's factories are finally recovering.
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Reuters - 4 weeks ago

FX traders may need to rethink inflation outlook

BUZZ-COMMENT-FX traders may need to rethink inflation outlook Feb 28 (Reuters) - The prices of some key energy products have collapsed and the magnitude of their declines should seriously impact the inflation outlook. Recent strong U.S. data has pushed up expectations for a rise in interest rates but natural gas prices that are at a quarter of last year's peak - LNG that's the cheapest in 18-months , and coal that's halved this year - suggest interest rates may come down, or perhaps won't need t
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Reuters - 1 month ago

Norway central bank chief vows to bring down inflation

Norway central bank chief vows to bring down inflation Annual speech by Norway's central bank governor Says economy operating above potential Core inflation stands at 6.4%, far above 2% target By Terje Solsvik OSLO, Feb 16 (Reuters) - Norway's central bank governor on Thursday said the economy was "operating above potential" and that there should be no doubt that Norges Bank will bring down soaring consumer price inflation, which is running at its highest level in decades.
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Reuters - 2 months ago

Norsk Hydro Q4 lags forecast, 2023 outlook 'unpredictable'

UPDATE 3-Norsk Hydro Q4 lags forecast, 2023 outlook 'unpredictable' Inflation prospects improving, overall outlook uncertain Won't restart idled smelters Share price down 3.4% Adds idled smelters, updates shares, analyst comment OSLO, Feb 14 (Reuters) - Norwegian aluminium producer Norsk Hydro NHY.OL posted a bigger-than-expected fall in fourth-quarter core profit on Tuesday and said it would refrain from restarting idled smelters for the time being amid an "unpredictable" outlook for 2023. Adju
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Reuters - 2 months ago

Norway central bank keeps rate unchanged, says March hike likely

UPDATE 3-Norway central bank keeps rate unchanged, says March hike likely Adds analyst, detail, updates currency By Victoria Klesty OSLO, Jan 19 (Reuters) - Norway's central kept its key policy rate unchanged at 2.75% on Thursday, as expected by a majority of economists surveyed by Reuters, and said it aimed for a hike in March . Of the 26 economists polled in advance, 15 had anticipated an unchanged rate on Thursday while 11 had bet on an increase of 25 basis points (bps).
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Reuters - 2 months ago

Norway central bank keeps rate unchanged, says March hike likely

UPDATE 1-Norway central bank keeps rate unchanged, says March hike likely Adds quote, detail OSLO, Jan 19 (Reuters) - Norway's central kept its key policy rate unchanged at 2.75% on Thursday, as expected by a majority of economists surveyed by Reuters, and said it aimed for a hike in March . Of the 26 economists polled in advance, 15 had anticipated an unchanged rate on Thursday while 11 had bet on an increase of 25 basis points (bps).
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Reuters - 2 months ago

Norway central bank keeps rate unchanged, says March hike likely

Norway central bank keeps rate unchanged, says March hike likely OSLO, Jan 19 (Reuters) - Norway's central kept its key policy rate unchanged at 2.75% on Thursday, as expected by a majority of economists surveyed by Reuters, and said it aimed for a hike in March . Of the 26 economists polled in advance, 15 had anticipated an unchanged rate on Thursday while 11 had bet on an increase of 25 basis points (bps).
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Reuters - 2 months ago

Norges Bank unlikely to rock the NOK's boat

RPT-BUZZ-COMMENT-Norges Bank unlikely to rock the NOK's boat Repeat with change to second line Jan 18 (Reuters) - The Norwegian crown has been on a recovery path versus the euro since Jan. 12 and despite the choppy nature of the rally todays's Norges Bank rate decision is unlikely to add to the volatility. Having hiked its key rate to 2.75% in December and with little change fundamentally, a no change decision is expected.
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Reuters - 2 months ago

Norges Bank unlikely to rock the NOK's boat

RPT-BUZZ-COMMENT-Norges Bank unlikely to rock the NOK's boat Repeat with change to second line Jan 18 (Reuters) - The Norwegian crown has been on a recovery path versus the euro since Jan. 12 and despite the choppy nature of the rally todays's Norges Bank rate decision is unlikely to add to the volatility. Having hiked its key rate to 2.75% in December and with little change fundamentally, a no change decision is expected.
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Reuters - 4 months ago

Dollar gains after hawkish Fed, pound under pressure from dovish BoE

By Alun John LONDON, Dec 15 (Reuters) - The dollar strengthened on Thursday a day after the U.S. Federal Reserve said it expected interest rates to stay higher for longer, while the pound came under pressure from a dovish message from the Bank of England (BoE). Up next is the European Central Bank, which will announce the result of its meeting at 13.15 GMT, capping a busy day for major central banks after Switzerland and Britain raised rates by 50 basis points (bps).
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Reuters - 4 months ago

Dollar gains after Fed meet, BOE and ECB in focus

By Alun John LONDON, Dec 15 (Reuters) - The dollar strengthened across the board on Thursday after the Federal Reserve said it would deliver more interest rate hikes next year and before meetings of the Bank of England and the European Central Bank. The euro EUR=EBS fell 0.67% to $1.0611, and sterling GBP=D3 lost 0.9% to $1.2316, both falling from six-month highs hit this week, while the dollar climbed 0.9% on the Japanese yen to 136.69. The dollar was also stronger versus the Swiss franc and No
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