Although it has been slow, price developments in Norway have largely been on the road in the right direction, towards a price growth of around 2 per cent annually. This is where Norway’s bank wants it to lie, and in January the price growth was 2.3 per cent. But Monday came the speech for February, which is pointing in another direction. In February, price growth made too many surprisingly strong jumps, and landed 3.6 per cent, compared to February last year. Several of the large analyst environment, among those in DNB and Nordea, moved out and said that in March a interest cut was to forget. The key policy rate as a percentage rate is set eight times a year by Norges Bank. The key policy rate controls interest rates in the banks and affects your housing expenses. The goal of setting up interest rates is for the high prices to go down again. The forecast tells us how Norges Bank believes interest rates will develop in the future. Read more about sources and reservations here. Higher key policy rate means increased expenses if one has a mortgage – surprise the market economy professor at the University of Minnesota and the University of Oslo, Kjetil Storesletten, goes notched longer: – It is irresponsible to cut the interest rate now, says Storesletten. He thinks it can go on the threat to the Central Bank laid about them well to cut interest rates in March. – It will strengthen the expectations that the bank does not have control, and weaken the belief that a truly wants to reduce price growth down to 2 per cent, says Storesletten. The economics professor has previously advocated that the central bank should rather set up interest rates. He repeated that message now. – We also want to strengthen the krone. One way to do it is to surprise the market and rather set up the interest rate in March, says Storesletten. Check out what it costs to choose a currency: From Danish kroner to Norwegian kroner 156.47 Currency rates from Norges Bank. Sistor course from 10.03.2025 Meiner Interest cut must be exposed to economics professor Hilde Bjørnland at BIR BI University College is not as sharp in the word usage, but also it may be wise to cancel the long -term. – It is still good in the Norwegian economy, and the unemployment rate is low. We have explosive state budgets, and there are prospects for increased trade war. All this can point to the fact that price growth does not fall so quickly. – Therefore, there may be reason to postpone the interest rate cut they have planned in March, says Bjørnland. There is no need to reduce interest rates with the very first, says economics professor Hilde Bjørnland. Photo: Silje Rognsvåg / news For one can also ask what it does with the central bank say threatening if they do not cut interest rates in March, when they have signaled it so long? – It is something that when one has announced it, then you have to say what one does of that interest rate cut. I do not think one should cancel it completely, but you have to push it out in time, says Bjørnland. – Priority clearly and apropos what Bjørnland calls explosive budget. On Tuesday, the government will start work on the state budget for next year. The politicians spend money over the state budget also means something for interest rates. Prime Minister Jonas Gahr Støre (Ap) has several gongs our record that the government should keep a responsible spending, just to help to make interest rates fall down. Prime Minister Jonas Gahr Støre and Finance Minister Jens Stoltenberg gather the troops at Klækken Hotel to throw their eye on the speech for next year’s state budget. Photo: Amanda Pedersen Giske / NTB No, there are notified large sums to renovate the Norwegian defense, and in the previous week all parties in the Storting were united to increase the support of Ukraine. More people have questioned whether the politicians should now cut. For the politicians who gather at Klækken Hotel on Ringerike Tuesday, Bjørnland has the following message: – The government should take in that the time with low interest rates and expansive budget is over. – Priority is clearer, is the encouragement to Bjørnland. Published 11.03.2025, at. 06.50
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