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Advanced Search Results For "Ummelas, Ott"

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 "Ummelas, Ott"
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Norway Fund Says Russia Exit Held Up by Sanctions on Its Bank.

Publication Type: Periodical

Source(s): Bloomberg.com. 1/31/2023, pN.PAG-N.PAG. 1p.

Authors:

Abstract: Just days after Russia's invasion of Ukraine last year, Norway decided to shed Russian assets from the fund, though its management had initially warned against such a plan. (Bloomberg) -- Norway's $1.3 trillion sovereign wealth fund is barred from proc...

Swedes Run Up Record Bad Debt as Credit Costs Rise.

Publication Type: Periodical

Source(s): Bloomberg.com. 1/27/2023, pN.PAG-N.PAG. 1p.

Authors:

Abstract: (Bloomberg) -- Bad debts of Swedish households reached a record last year amid surging inflation and credit-cost growth, adding to problems for the largest Nordic economy as it is facing a recession. Read More: Sweden Housing Rout Persists as Riksbank ...

Norway Signals Likely Move in March as It Pauses Rate Hiking.

Publication Type: Periodical

Source(s): Bloomberg.com. 1/19/2023, pN.PAG-N.PAG. 1p.

Authors:

Abstract: (Bloomberg) -- Norway's central bank paused monetary tightening while signaling a likely quarter-point increase in borrowing costs in March is still needed to bring inflation under control. A slowdown in inflation from a three-decade high has been "bro...

Norway Pauses Rate Hiking But Flags Likely Move in March.

Publication Type: Periodical

Source(s): Bloomberg.com. 1/19/2023, pN.PAG-N.PAG. 1p.

Authors:

Abstract: "Norges Bank will deliver another 25 basis-point rate hike in March, to 3%, but that is also the peak in our view", Gonsholt Hov said. (Bloomberg) -- Norway's central bank paused monetary tightening while signaling a likely quarter-point increase in bo...

Norges Bank Keeps Rate at 2.75%, Signals Further Tightening.

Publication Type: Periodical

Source(s): Bloomberg.com. 1/19/2023, pN.PAG-N.PAG. 1p.

Authors:

Abstract: (Bloomberg) -- Norges Bank kept the key deposit rate on hold at 2.75% on Thursday, as forecast by the majority of economists in a Bloomberg survey. Officials said the benchmark "rate will need to be increased somewhat further to bring inflation down to...

Norway Pauses Rate Hiking But Says Another Move in March Likely.

Publication Type: Periodical

Source(s): Bloomberg.com. 1/19/2023, pN.PAG-N.PAG. 1p.

Authors:

Abstract: (Bloomberg) -- Norway's central bank paused monetary tightening while signaling a likely quarter-point increase in borrowing costs in March is still needed to bring inflation under control. The decision doesn't give any clear indication on whether Norw...

Norway Is Likely to Pause Rate Hikes Until March.

Publication Type: Periodical

Source(s): Bloomberg.com. 1/18/2023, pN.PAG-N.PAG. 1p.

Authors:

Abstract: (Bloomberg) -- Norway's central bank will probably pause its monetary-policy tightening this week after inflation slowed from a three-decade high. Norges Bank expects underlying inflation to peak this month and next after food retailers flagged price-h...

Norway's Gas Bonanza Set to Boost Already Gigantic Oil Fund.

Publication Type: Periodical

Source(s): Bloomberg.com. 1/16/2023, pN.PAG-N.PAG. 1p.

Authors:

Abstract: (Bloomberg) -- Norway's windfall natural gas revenue drove the nation's exports to a record last year in a boon for its $1.3 trillion sovereign wealth fund. Government revenues from oil and gas activities are transferred to Norway's wealth fund, create...

Norwegians Buying More Cars Keep Economy Growing in November.

Publication Type: Periodical

Source(s): Bloomberg.com. 1/12/2023, pN.PAG-N.PAG. 1p.

Authors:

Abstract: (Bloomberg) -- Norway's economy continued to eke out gains in November as car purchases helped outweigh the hit on consumption from higher prices and borrowing costs. The central bank sees gross domestic product shrinking 0.2% this year as its regional...

Norway Inflation Slows Most Since May, Cooling Rate Pressure.

Publication Type: Periodical

Source(s): Bloomberg.com. 1/10/2023, pN.PAG-N.PAG. 1p.

Authors:

Abstract: (Bloomberg) -- Norway's inflation slowed to the weakest pace in seven months in December, cementing the view that Norges Bank will end tightening after one more interest-rate hike this quarter. The data comes ahead of an expected acceleration in inflat...

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