Norway's central bank will not raise interest rates again if the economy develops as expected, Governor Ida Wolden Bache said in a speech on Thursday, but she refrained from weighing in on when policy makers might start cutting borrowing costs, Reuters reported. In her second annual address since taking office in 2022, Bache also said Norges Bank believes inflation will gradually fall in the years ahead towards the official target of around 2%, while unemployment will rise somewhat.

The bankruptcy trustee of Bosnia and Herzegovina's steam and electricity production company Energolinija has put on sale the company's assets, with the starting price set at 30 million marka ($16.4 million/15.3 million euro), SeeNews.com reported. The received offers will be opened on March 15, the bankruptcy trustee said in a public call published on local bankruptcy registry Stecaj last week. The call does not specify the deadline for submitting offers.

A Dublin landlord and accountant has had his bankruptcy extended by seven years over what a judge described as “egregious” failure to co-operate with the official administering it, including by not disclosing information about his income and assets, the Irish Times reported. The High Court’s Mr Justice Liam Kennedy said the evidence was there may be as many as 43 properties in which Fintan Egan has an interest, making his failure to co-operate “all the more egregious”. Mr Egan was adjudicated bankrupt on the petition of the Revenue Commissioners in November 2022.

The chief executive officer of Castellum AB warned that the rental market will weaken more as the Swedish landlord reported that the value of newly signed contracts was lower than terminated leases in the fourth quarter, Bloomberg News reported. “The property industry has a tough year behind it, and we should expect a weaker rental market going forward,” CEO Joacim Sjoberg said in the company’s earnings report, cautioning that more tenants — consisting of Swedish businesses and the public sector — may be impacted by a waning economy.

The International Monetary Fund on Tuesday said that it had formally launched a new trust fund to help support Ukraine's economic and financial reforms over the next five years, with a goal to raise $65 million from donor countries, Reuters reported. The Ukraine Capacity Development Fund was launched in Kyiv with initial resources of $16.5 million provided by the Netherlands, Slovakia, Latvia, Japan and Lithuania.

The British business of the Body Shop has collapsed into administration, putting 2,000 jobs at risk at the one-time pioneering ethical cosmetics retailer, Reuters reported. Founded in Brighton, southern England, in 1976 by late environmentalist and human rights activist Anita Roddick, the Body Shop was famous for promoting natural, ethically-sourced products and rejecting animal testing.

Euro zone banks face a permanently changed risk landscape that requires lenders to alter how they operate, the European Central Bank's new top supervisor said in her inaugural speech on Monday, Reuters reported. Surging interest rates, rising geopolitical risk, quicker deposit movements, multiplying cyber attacks and climate risk are all changing the fundamental nature of the business, and lenders may not be sufficiently prepared, said Claudia Buch, who took over from Andrea Enria at the start of the year.

U.K. wage growth eased a little less than forecast in the fourth quarter, while unemployment unexpectedly ticked down, signaling a stubbornly tight labor market and reflecting still-significant inflationary pressures as the Bank of England weighs when to start cutting interest rates, the Wall Street Journal reported. Average pay growth, excluding bonuses, was 6.2% in the three months to December, down from 6.7% in the three-month period to November, according to data published Tuesday by the Office for National Statistics.

Swiss inflation eased to its lowest level in nearly two and a half years in January, official data showed on Tuesday, feeding expectations that the Swiss National Bank could cut interest rates in March, Reuters reported. Consumer prices rose by 1.3% in January compared with the same month last year, the lowest annual increase since October 2021, according to data from the Federal Statistical Office.

The EU adopted a law to set aside windfall profits made on frozen Russian central bank assets, it said on Monday, in a first concrete step towards the bloc's aim of using the money to finance the reconstruction of Ukraine, Reuters reported. The EU and the Group of Seven nations (G7) froze some 300 billion euros ($323 billion) of Russian central bank assets following Moscow's invasion of Ukraine. The EU and G7 have been debating if and how these funds can be used for over a year.