Can Facilitate Interest Rate Cuts

Unemployment has risen from 4 to 4.3 percent in recent months. The increase could mean we are taking a small step towards interest rate cuts, says the chief economist.

In the expectations survey from Norges Bank, the social partners predict real wage growth of 1.5 percent. “This could lead to faster interest rate cuts,” says Kyrre M. Knudsen, chief economist at SpareBank 1 Sør-Norge.

Unemployment has risen from 4 to 4.3 percent in recent months. The increase could mean we are taking a small step towards interest rate cuts, says the chief economist.