Last week, our own central bank governor announced that Norges Bank will keep interest rates steady, for the first time in a long time. Possible for the summer Tonight your financial future could be even a little bit brighter. Because in an interview with CNN, the head of the European Central Bank, Christine Lagarde, says that there is now broad agreement in the bank that if there is a choice between raising or lowering the interest rate, then there will be a lowering. – It may be that there will be several rounds where it is kept unchanged, but the next movement will be downwards, says the ESB boss. Last week, the European Central Bank kept interest rates unchanged for the third time in a row. It thus remained at a record high of 4 per cent after several interest rate hikes to overcome the rise in prices following the pandemic and the war in Ukraine. At the time, Lagarde believed that it was far too early to talk about interest rate cuts. – The consensus around the table was that it is too early to discuss interest rate cuts. It’s as simple as that, said the governor of the central bank a week ago. Now it seems that is no longer the case. According to Bloomberg, it is likely that the ECB will cut interest rates this summer. Warns against Trump Lagarde did not only bring rosy promises in the interview with American CNN. Of course, there was also talk of Donald Trump, and the fear of economic instability. If he were to win the US presidential election in November. – If we remember back to the last time Trump was president of the United States, it is not unlikely that there will be threats or some unforeseen events that could affect Europe. So let’s be prepared for the unexpected, Lagarde replied. One of the things that made relations between the EU and the US extra strained when Trump was in the White House was, among other things, the dispute over tariffs on steel and aluminum from the EU to the US and the European response to introduce tariffs on whisky, motorcycles and American jeans. But before that comes a summer, by which time the European Central Bank may have cut interest rates. And the background is that inflation in the eurozone has slowed after reaching a peak of over 10 per cent last year. It is approaching the target of 2 percent. – There is no doubt that the trend for price growth is decreasing, says Lagarde.
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The interest rate peak has been reached – news Norway – Overview of news from various parts of the country
