On Tuesday, the Prime Minister will hold his half-yearly summary press conference. Economy becomes the main theme when Støre takes stock of the political situation. The Prime Minister starts the day in news’s Political Quarter at 0745 where he is asked questions about economic policy and trust in the government. The economy has created challenges throughout Støre’s reign. Interest rates started to rise when he took over from a zero level during the pandemic. After 14 interest rate hikes, Norges Bank’s policy rate is now 4.5 per cent. At worst, the price increase has been 7 percent. But now the prime minister believes that price inflation is on the way down, and that we are at the peak of interest rates. He argues that real wage growth and a fall in interest rates are expected in 2024, and he believes the tax system has become more fair and redistributive. – People must get better advice again, says Støre. A demanding six months The summarizing press conferences in the prime minister’s residence are a six-month session. When the previous half-yearly press conference took place in June, Culture Minister Anette Trettebergstuen had just resigned due to a breach of the ethics rules. There has been no shortage of challenges related to finances and trust after that: Ola Borten Moe and Anniken Huitfeldt have had to leave Støre’s government due to integrity issues. Voter failure. The Labor Party made its worst election in 99 years and is no longer the country’s largest. The party has lost power in most large city municipalities. Norges Bank has raised interest rates three more times. The development with a weak Norwegian krone has continued. One Euro costs 1 kroner more than at Christmas time last year.
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Think people will get better advice – news Norway – Overview of news from different parts of the country
