US EditionNorway's underlying inflation casts doubt on rate cut
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11 Articles
Norway's underlying inflation casts doubt on rate cut
Norway's annual core inflation rate held steady at 3.1% in August, in line with July, official data showed on Wednesday, but underlying data pointed to an acceleration of prices, casting doubt on the prospect of interest rate cuts.
Prices rose significantly in August as well Prices were 3.5 percent higher in August than a year ago, new figures from Statistics Norway show. This is the same as Norges Bank had expected, and an increase from the month before. It will be important in the run-up to next week's interest rate meeting, where clear signals have been sent: Perhaps it will be the second interest rate cut of the year. Read also: Read also: Fateful week for interest ra…
Price increases continue to increase. From August last year to August this year, prices have risen by 3.5 percent, and electricity prices are to blame.
Core inflation, which Norges Bank is most concerned about, came in higher than expected. This contributes to doubts about a rate cut in September, says the chief economist.
bt.no
vigga.noPrice increases continue to increase. From August last year to August this year, prices have risen by 3.5 percent, and electricity prices are to blame.
Price increases continue to increase. From August last year to August this year, prices have risen by 3.5 percent, and electricity prices are to blame.
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