8 September 2023 at 08:03 Statistics Norway believes that we will soon have reached the interest rate peak Statistics Norway believes that the interest rate will be raised to 4.25 per cent in September, and that with that we have probably reached the interest rate peak. This appears in the latest forecasts for the Norwegian and international economy. – The factors that contributed to higher inflation have reversed. Electricity prices have fallen, the weakening of the krona seems to have stopped and inflation is on the way down. This indicates that the interest rate peak is close, says head of research Thomas von Brasch at SSB. The household, on the other hand, is not completely over the edge yet, because when the rent is now expected to increase a little, it wants to stay at that level for the rest of the year and also well into next year. – This will mean that the burden on households as a result of the interest rates will rise to a level we have not seen since the 1990s. This will put a damper on household consumption and housing prices. At the same time, it will put a damper on general economic growth, says von Brasch. The forecasts say that unemployment will increase a little in the future, but no more that we will have a normal unemployment development of just under four per cent in the future. – This is relatively good news for the Norwegian economy as a whole, von Brosch concludes in Nyhetsmorgen.
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