Norway

Norges Bank Holds Key Rate Steady, Says Cut Remains Unlikely This Year

Norway’s central bank held its key policy rate at 4.5% as a weak krone continues to threaten efforts to bring inflation down, the Wall Street Journal reported. The policy rate has been at 4.5% since December 2023 and has helped to significantly dampen inflation from its peak, but a rapid rise in business costs and the krone’s depreciation will likely restrain further disinflation, Norges Bank said. Forecasts presented at its September meeting indicated a gradual reduction in the policy rate from the first quarter of 2025.
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Norges Bank Holds Key Rate at 4.5%, First Cut Expected at Beginning of 2025

Norway’s central bank held its key policy rate at 4.5%, a level that is expected to remain unchanged until the end of the year as a weak krone continues to threaten efforts to bring inflation down, the Wall Street Journal reported. The policy rate has been at 4.5% since December 2023 and has helped slow inflation significantly from its peak, but underlying inflation hasn’t declined to the same extent, while a rapid rise in business costs and the krone’s depreciation will likely restrain further disinflation, the bank said Thursday.
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Norse Atlantic Pares Back Winter Schedule as Cash Runs Low

Norse Atlantic ASA will operate a smaller passenger network over the winter season, dropping all services to Los Angeles and paring back flights to New York as the airline works to preserve cash, Bloomberg News reported. The coming months will be pivotal for the Oslo-based long-haul specialist after it burned through half of its cash during the first half of the year. It’s reduced its airline schedule for the slower season, and will hire out more of its fleet to other airlines to provide steady income.
Norway
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