Advertisement
NOK Forex News
Norges Bank Unexpectedly Leaves Rate Unchanged Again
Norway's central bank left its key interest rate unchanged on Thursday despite signaling an easing in the previous policy session in January, citing a stronger than expected acceleration in inflation and the uncertain economic outlook but continued to hint at the possibility of a reduction during the course of the year.
RTTNews
|
5 days ago
Norway Central Bank Holds Rate; Set To Loosen Policy In March
Norway's central bank left its key interest rate unchanged as widely expected on Thursday and reaffirmed that the rate will likely be reduced in March as rapid rise in business costs could stoke inflation ahead. The Monetary Policy and Financial Stability Committee of Norges Bank decided to hold the policy rate unchanged at 4.5 percent.
RTTNews
|
68 days ago
Norway Central Bank Keeps Rate Unchanged As Expected
Norges Bank left its benchmark rate unchanged on Thursday and suggested that the policy rate will be kept at the current level until the end of this year although the time to ease is approaching. The Monetary Policy and Financial Stability Committee, headed by Governor Ida Bache, decided to hold the policy rate at 4.50 percent.
RTTNews
|
194 days ago
Nokia Posts Q4 Loss, Warns On Q1; Plans EUR 600 Mln Buy Back; Stock Up
Finnish network company Nokia Corp. reported Thursday a loss in its fourth quarter, compared to prior year's profit, amid weak net sales. Looking ahead, the company expects challenging environment to continue, particularly in the first quarter. Further, the Board proposed dividend authorization of 0.13 euro per share and initiated two year 600 million euros buyback program.
RTTNews
|
432 days ago
Nokia Q3 Results Down, To Cut Up To 14,000 Jobs; Stock Dips
Shares of Nokia Corp. were losing around 4 percent in the morning trading in Helsinki as well as around 3 percent in pre-market activity on the NYSE after the Finnish telecom major reported Thursday a sharp drop in its third-quarter profit and revenues amid ongoing macroeconomic challenges. Separately, Nokia announced a cost reduction program, expecting to cut up to 14,000 jobs.
RTTNews
|
530 days ago
Norges Bank Signals December Hike On High Inflation
Norway's central bank raised its key interest rate by 25 basis points on Thursday, as signaled during the previous meeting, and sounded more hawkish than expected with Governor Ida Wolden Bache saying that there would likely be another hike in December as inflation remains significantly above the bank's 2 percent target.
RTTNews
|
558 days ago
Norges Bank Signals Tightening To Continue In September
The Norwegian central bank raised its interest rates on Thursday, in line with its guidance in June, and hinted at further tightening ahead if the economic situation pans out as expected.
RTTNews
|
593 days ago
Norges Bank Hints At Additional Tightening
Norway's central bank lifted the benchmark rate by a steeper-than-expected 50 basis points and hinted at another increase in August as higher wage growth and a weaker currency are set to push inflation higher in coming months. The Monetary Policy and Financial Stability Committee of Norges Bank decided to hike the policy rate to 3.75 percent from 3.25 percent.
RTTNews
|
649 days ago
Norway Central Bank Lifts Key Rate; Signals Another Hike In June
Norway's central bank decided to lift the key rate by a quarter-point on Thursday and hinted at another increase in June as the weaker krone pushed up import price inflation. The Monetary Policy and Financial Stability Committee of Norges Bank unanimously decided to lift the policy rate to 3.25 percent from 3.00 percent. The previous change in the policy rate was a quarter point-hike in March.
RTTNews
|
698 days ago
Nokia Q1 Profit Rises, Comparable Results Down, Confirms View; Stock Dips
Finnish critical networks and communications company Nokia Corp. reported Thursday higher profit and net revenues in its first quarter with improved performance in most of its segments. Comparable earnings and margin, meanwhile, declined from last year. Further, the firm maintained its fiscal 2023 and long term targets. Nokia shares were losing around 5 percent in the morning trading in Finland.
RTTNews
|
712 days ago
