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Results: listing 13 - 18 of 945 for “Norges Bank”

Fast Comment Norway — Unemployment surprisingly increased in July

  1. Registered unemployment up 600 people in July; up 1200, when including scheme positions
  2. Weaker than generally expected
  3. Labour market not tightening as fast as expected by Norges Bank

Marius Gonsholt Hov, Senior Economist | maho60@handelsbanken.no

Fast Comment Norway — Preview: Housing prices and core inflation (July)

  1. Moderate upward price trend in the housing market
  2. Housing prices running somewhat below the nominal wage growth rate
  3. CPI-ATE close enough to Norges Bank’s short-term estimates

Marius Gonsholt Hov, Senior Economist | maho60@handelsbanken.no

Fast Comment Norway — Retail spending fell by 0.4 percent in June, significantly weaker than expected

  1. Retail sales fell by 0.4 percent in June, well below expectations...
  2. ...we and consensus expected +0.7 and +0.5 percent, respectively
  3. Still a rebound in Q2, due to a sharp increase in April; outcome still more modest than expected

Marius Gonsholt Hov, Senior Economist | maho60@handelsbanken.no

Fast Comment Norway — Preview: Retail spending and registered unemployment

  1. Small changes to the near-term unemployment rate (registered)
  2. Solid rebound in retail spending in Q2
  3. For the moment, the Norwegian economy is escaping the global slowdown

Marius Gonsholt Hov, Senior Economist | maho60@handelsbanken.no

Fast Comment Norway — CPI-ATE unchanged in June at 2.3 percent, slightly below expectations

  1. CPI-ATE unchanged at 2.3 percent, expected 2.4 percent
  2. Deviation too small to affect the key policy rate path
  3. Rate hike in September still a possibility; signalled at about a 70 percent chance by Norges Bank

Marius Gonsholt Hov, Senior Economist | maho60@handelsbanken.no

Fast Comment Norway — Preview: Core inflation in June

  1. The CPI-ATE expected slightly higher again in June; 2.4 pct, following 2.3 pct in May
  2. In line with Norges Bank; hence, neutral to the key policy rate path
  3. Recall the additional volatility in the CPI-ATE during the summer months

Marius Gonsholt Hov, Senior Economist | maho60@handelsbanken.no