Norway raises key interest rate to fight inflation and expects further hikes ahead
1 year, 8 months ago

Norway raises key interest rate to fight inflation and expects further hikes ahead

Associated Press  

COPENHAGEN, Denmark — Norway’s central bank said Thursday that it has raised its key interest rate by half a percentage point in an effort to “bring inflation down to target.” Norges Bank said higher wage growth and a weaker-than-projected krone will raise inflation and that “international interest rates have risen more than anticipated.” The Scandinavian country, which is not part of the European Union, had an inflation rate in May of 6.7%. “If we do not raise the policy rate, prices and wages could continue to rise rapidly and inflation become entrenched. However, the bank said, “pressures in the Norwegian economy are easing.” Following Thursday’s hike to 3.75%, the policy rate will most likely be raised further in August, Norges Bank said. Central banks around the world have rapidly raised interest rates to combat high inflation that is squeezing households and businesses.

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History of this topic

Big central banks start 2025 heading in different directions
1 month, 2 weeks ago

Big central banks start 2025 heading in different directions

Live Mint  

* Euro zone, Canada, Sweden cut rates in Jan * Fed holds steady, says no rush for more easing * Australia, Norway move closer to first cut * Japan hikes, with likely more to come By Alun John LONDON, Jan 30 - The first central bank meetings of 2025 suggest it will be a year in which policymakers go their …

Norway Keeps Rate Steady and Signals First Cut in March
2 months, 3 weeks ago

Norway Keeps Rate Steady and Signals First Cut in March

Live Mint  

-- Norway’s central bank held its borrowing costs unchanged at a 16-year high and said the key rate will most likely be reduced in March 2025. Norges Bank has repeatedly postponed rate cuts mainly due to krone weakness that feeds concerns over imported inflation, while robust wage growth in a tight labor market has also remained a risk. While core …

UK interest rates set to be held at 4.75% after inflation rises again
2 months, 3 weeks ago

UK interest rates set to be held at 4.75% after inflation rises again

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy UK interest rates are expected …

Inflation analysis: Prices rising faster means higher borrowing costs for longer amid recession fears
2 months, 3 weeks ago

Inflation analysis: Prices rising faster means higher borrowing costs for longer amid recession fears

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. The faster price gains for consumer goods like food …

Surge in wages means beleaguered borrowers must wait for interest rates cut
Trending News
2 months, 3 weeks ago

Surge in wages means beleaguered borrowers must wait for interest rates cut

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The Bank of England is …

Sweden cuts its key rate by 0.5 percentage points to 2.75%, the largest reduction in over a decade
4 months, 1 week ago

Sweden cuts its key rate by 0.5 percentage points to 2.75%, the largest reduction in over a decade

Associated Press  

STOCKHOLM — Sweden’s central bank on Thursday cut its key interest rate by half a percentage point to 2.75% in what was described as the largest reduction over a decade. Riksbanken said the cut, the fourth this year, was “to provide further support to the economy and help inflation stabilize at the target.” It added that “if the outlook for …

Sweden cuts its key rate by 0.5 percentage points to 2.75%, the largest reduction in over a decade
4 months, 1 week ago

Sweden cuts its key rate by 0.5 percentage points to 2.75%, the largest reduction in over a decade

The Independent  

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Inflation in Europe falls below 2% and opens the way for faster rate cuts
5 months, 2 weeks ago

Inflation in Europe falls below 2% and opens the way for faster rate cuts

The Independent  

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Inflation ticks up in Europe, complicating the European Central Bank's next move
7 months, 2 weeks ago

Inflation ticks up in Europe, complicating the European Central Bank's next move

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Inflation in the 20 countries …

European Central Bank leaves key interest rate at 3.75%, waits for signs inflation is under control
7 months, 3 weeks ago

European Central Bank leaves key interest rate at 3.75%, waits for signs inflation is under control

Associated Press  

FRANKFURT, Germany — The European Central Bank left its key interest rate benchmark unchanged Thursday as its rate-setting council and President Christine Lagarde take their time to make sure stubborn inflation is firmly under control before lowering rates again. She added that “obviously, given the size of the US financial markets in particular, the developments taking place in the United …

Inflation is down in Europe. But the European Central Bank is in no hurry to make more rate cuts
8 months, 2 weeks ago

Inflation is down in Europe. But the European Central Bank is in no hurry to make more rate cuts

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Inflation in the 20-nation eurozone …

Interest rates are likely headed down, at least in Europe
9 months, 1 week ago

Interest rates are likely headed down, at least in Europe

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The European Central Bank plans …

Inflation has slid again in Europe. What that means for interest rates
11 months, 1 week ago

Inflation has slid again in Europe. What that means for interest rates

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The inflation that has squeezed …

Czech Republic's central bank cuts a key interest rate again to help the economy as inflation falls
11 months, 3 weeks ago

Czech Republic's central bank cuts a key interest rate again to help the economy as inflation falls

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The Czech Republic's central bank …

Europe’s economy has stalled. But an interest rate cut will likely have to wait for summer
1 year ago

Europe’s economy has stalled. But an interest rate cut will likely have to wait for summer

Associated Press  

FRANKFURT, Germany — Inflation in Europe is way down from its painful double-digit peak, and the economy has stalled. But the European Central Bank left its key interest rate at a record high Thursday, and its leader suggested a much-anticipated cut to borrowing costs would likely wait until June. The decision comes as central banks around the world, including the …

Financial markets are jonesing for interest rate cuts. Not so fast, says the European Central Bank
1 year, 1 month ago

Financial markets are jonesing for interest rate cuts. Not so fast, says the European Central Bank

Associated Press  

FRANKFURT, Germany — European Central Bank President Christine Lagarde pushed back Thursday against market expectations for quick interest rate cuts even as Europe’s economy sputters and financial markets froth in hopes of cheaper credit that would boost business activity and stock prices. was that it was premature to discuss rate cuts.” Financial markets have been expecting a cut as early …

Cutting interest rates too soon in Europe risks progress against inflation, central bank chief says
1 year, 1 month ago

Cutting interest rates too soon in Europe risks progress against inflation, central bank chief says

Associated Press  

FRANKFURT, Germany — Cutting interest rates too soon could threaten Europe’s progress in battling the inflation that has ravaged the economy, the head of the European Central Bank said Wednesday amid widespread speculation that the bank soon will lower rates from record highs. Christine Lagarde, faced with market expectations for rate cuts as soon as March or April and a …

Cutting interest rates too soon in Europe risks progress against inflation, central bank chief says
1 year, 1 month ago

Cutting interest rates too soon in Europe risks progress against inflation, central bank chief says

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Cutting interest rates too soon …

Europe’s inflation is up after months of decline. Could it delay interest rate cuts?
1 year, 2 months ago

Europe’s inflation is up after months of decline. Could it delay interest rate cuts?

Associated Press  

FRANKFURT, Germany — Inflation plaguing Europe rose to 2.9% in December, rebounding after seven straight monthly declines as food prices rose and support for high energy bills ended in some countries. The rise in price levels fueled debate over how soon interest rate cuts could be expected from the European Central Bank. The faster-than-expected fall in inflation over the last …

Interest rates will stay high ‘as long as necessary,’ the European Central Bank’s leader says
1 year, 5 months ago

Interest rates will stay high ‘as long as necessary,’ the European Central Bank’s leader says

Associated Press  

FRANKFURT, Germany — The head of the European Central Bank said Monday that interest rates will stay high enough to restrict business activity for “as long as necessary” to beat back inflation. Christine Lagarde said rates would stay high because upward pressure on prices “remains strong” in the 20 countries that use the euro currency. “We remain determined to ensure …

Interest rates will stay high 'as long as necessary,' the European Central Bank's leader says
1 year, 5 months ago

Interest rates will stay high 'as long as necessary,' the European Central Bank's leader says

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The head of the European …

Sweden’s central bank hikes key interest rate, saying inflation is still too high
1 year, 5 months ago

Sweden’s central bank hikes key interest rate, saying inflation is still too high

Associated Press  

STOCKHOLM — Sweden’s central bank raised its key interest rate Thursday, saying that “inflationary pressures in the Swedish economy are still too high,” although there were signs that inflation had begun to fall. But the bank added that “inflation pressures are still too high,” noting that service prices are still rising rapidly and Sweden’s currency, the krona, is “unjustifiably weak.” …

Europe’s central bank hikes key interest rate to record high even as recession threat grows
1 year, 6 months ago

Europe’s central bank hikes key interest rate to record high even as recession threat grows

Associated Press  

FRANKFURT, Germany — The European Central Bank hiked its key interest rate to a record high Thursday, pressing its fight against stubbornly high inflation that has been plaguing consumers — even as worries grow that higher borrowing costs could help push the economy into recession. The increase of a quarter-percentage point comes as central banks around the world, including the …

European Central Bank hikes interest rates to combat inflation and leaves door open to more
1 year, 7 months ago

European Central Bank hikes interest rates to combat inflation and leaves door open to more

Associated Press  

FRANKFURT, Germany — The European Central Bank raised interest rates for the ninth straight time Thursday in its yearlong campaign to stamp out painfully high inflation and kept the door open to further hikes despite increasing fears of recession. ECB President Christine Lagarde had all but promised the quarter-percentage point increase and said the bank’s next moves would be determined …

European Central Bank raises interest rates to 22-year high
1 year, 7 months ago

European Central Bank raises interest rates to 22-year high

The Telegraph  

Eurozone interest rates have climbed to the highest level for 22 years as the European Central Bank indicated it is preparing to take borrowing rates to a record high in the coming months. The European Central Bank took its headline deposit rate to 3.75pc, matching the record high last seen in 2001, as President Christine Lagarde said she was willing …

Europe inflation slips to 5.5% — but that won't stop central bank rate hikes
1 year, 8 months ago

Europe inflation slips to 5.5% — but that won't stop central bank rate hikes

The Hindu  

Inflation in Europe slid again in June but fell too slowly to offer much relief to shoppers grumbling over price tags or to stop more interest rate hikes that will raise the cost of borrowing across the economy. While that is a big drop from the peak of 10.6% in October, persistently high prices in the U.S., Europe and the …

Europe’s interest rates to stay high as long as needed to defeat inflation, central bank chief says
1 year, 8 months ago

Europe’s interest rates to stay high as long as needed to defeat inflation, central bank chief says

Associated Press  

FRANKFURT, Germany — European Central Bank President Christine Lagarde warned Tuesday that inflation is holding its grip on the economy and underlined that the bank intends to raise rates high enough to “break this persistence.” Lagarde acknowledged that inflation has fallen from all-time highs last year as energy prices plunged and the bank rolled out a rapid series of rate …

UK recession fears mount after Bank of England hikes borrowing rates by more than expected
1 year, 8 months ago

UK recession fears mount after Bank of England hikes borrowing rates by more than expected

Associated Press  

LONDON — Fears that the British economy is heading for recession mounted sharply Thursday after the Bank of England raised borrowing costs by more than anticipated, seeking to combat stubbornly high inflation with a hike that will hit borrowers hard, particularly homeowners who have to refinance in the coming months. “But if we don’t raise rates now, it could be …

Borrowers warned they face more interest rate hikes this year
1 year, 9 months ago

Borrowers warned they face more interest rate hikes this year

Daily Mail  

Borrowers face another painful interest rate hike next week after a Bank of England official said more action was likely needed to defeat inflation. Jonathan Haskel, a member of the Bank's Monetary Policy Committee, said further rises 'cannot be ruled out' The Bank of England is fighting to stay on top of inflation, which is higher than its 2 per …

European Central Bank chief signals more rate hikes ahead with inflation still ‘strong’
1 year, 9 months ago

European Central Bank chief signals more rate hikes ahead with inflation still ‘strong’

Associated Press  

FRANKFURT, Germany — European Central Bank head Christine Lagarde said Monday that price pressures are “strong” and made clear that the bank will raise interest rates high enough to bring down inflation and keep them there “for as long as necessary.” Lagarde’s remarks reinforced her earlier statements indicating the ECB was not done raising rates even after inflation fell by …

Interest rates expected to rise again – marking the highest level since 2008
1 year, 10 months ago

Interest rates expected to rise again – marking the highest level since 2008

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Britain’s interest rates are expected …

Bank of England set to raise interest rates for 12th time in a row
1 year, 10 months ago

Bank of England set to raise interest rates for 12th time in a row

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. The Bank’s aim in elevating interest rates is to …

European Central Bank hikes rates by a quarter-percentage point
1 year, 10 months ago

European Central Bank hikes rates by a quarter-percentage point

CNN  

London CNN — The European Central Bank raised interest rates by a quarter of a percentage point Thursday, the smallest increase since it started hiking in July, after data this week showed core inflation cooling and banks pulling back sharply on lending. “We have more ground to cover and we are not pausing,” she told reporters later on Thursday, adding …

Europe’s inflation inches up ahead of interest rate decision
1 year, 10 months ago

Europe’s inflation inches up ahead of interest rate decision

Associated Press  

FRANKFURT, Germany — Europe’s painful inflation has inched higher, extending the squeeze on households and keeping pressure on the European Central Bank to unleash what could be another large interest rate increase. Food price inflation eased a little, falling to an annual rate of 13.6% from March’s 15.5%, while energy prices rose a more modest 2.5%. A smaller hike would …

Inflation inches up in Europe ahead of interes rate decision
1 year, 10 months ago

Inflation inches up in Europe ahead of interes rate decision

The Independent  

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Europe inflation eases slightly but consumer pain persists
2 years ago

Europe inflation eases slightly but consumer pain persists

Associated Press  

FRANKFURT, Germany — Inflation eased only slightly in the 20 countries that use the euro currency as the pain from higher costs for food and fuel persists and gives the European Central Bank no reason to slow interest rate increases aimed at getting prices back under control. Higher prices for natural gas, used to heat homes, run industrial processes and …

European Central Bank hikes rates, vows ‘we are not done’
2 years, 1 month ago

European Central Bank hikes rates, vows ‘we are not done’

Associated Press  

FRANKFURT, Germany — The European Central Bank chugged ahead with another outsized interest rate hike Thursday and vowed more will follow, underlining its drive to subdue inflation even as the economy slows and the U.S. Federal Reserve eases its pace of increases. The bank, which also hiked by a half-point in December, “will stay the course in raising interest rates …

Bank of England hikes interest rates again but softens pace
2 years, 3 months ago

Bank of England hikes interest rates again but softens pace

Associated Press  

LONDON — Britain’s central bank on Thursday raised its key interest rate again but toned down the pace as inflation shows signs of easing, mirroring action by the U.S. Federal Reserve and European policymakers. Should that scenario play out, further rate increases may be needed to get inflation back to its 2% target, the bank said, adding that it “will …

Norway central bank raises key rate to fight inflation
2 years, 3 months ago

Norway central bank raises key rate to fight inflation

Associated Press  

COPENHAGEN, Denmark — Norway’s central bank Thursday raised its key interest rate by a quarter-percentage point, saying the move was “still needed to dampen inflation.” Norges Bank said inflation — which reached 6.5% in November — has “risen rapidly” and “is markedly above target.” The hike, which brought its key policy rate to 2.75%, was a slower pace than the …

Swiss National Bank hikes key interest rate in line with Fed
2 years, 3 months ago

Swiss National Bank hikes key interest rate in line with Fed

Associated Press  

GENEVA — The Swiss National Bank raised its key interest rate Thursday, as other central banks in Europe are starting to follow the playbook of the U.S. Federal Reserve in a bid to tame inflation. The bank says it can’t rule out further steps to make borrowing more expensive, pointing to slowing global economic growth and a world “subject to …

Bank of England poised to slow pace of interest rate hikes
2 years, 3 months ago

Bank of England poised to slow pace of interest rate hikes

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Britain's central bank is expected …

European Central Bank expected to slow pace of rate hikes
2 years, 3 months ago

European Central Bank expected to slow pace of rate hikes

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The European Central Bank is …

Sweden’s big interest rate hike follows other central banks
2 years, 3 months ago

Sweden’s big interest rate hike follows other central banks

Associated Press  

STOCKHOLM — Sweden’s central bank followed other central banks in undertaking a big increase to its key interest rate to combat inflation, saying Thursday that high prices are undermining people’s purchasing power and making it tough for households and companies to plan their finances. Riksbanken said the hike of three-quarters of a percentage point pushes the key rate to 2.5% …

European Central Bank leader doubles down on rate increases
2 years, 4 months ago

European Central Bank leader doubles down on rate increases

Associated Press  

FRANKFURT, Germany — The head of the European Central Bank underlined the bank’s determination to fight rampant inflation with more interest rate increases on top of record hikes, saying Friday that “our job is far from being completed” and that even a mild recession would not be enough to bring rising prices back under control. ECB President Christine Lagarde said …

Europe sees fastest pace of rate hikes since euro launched
2 years, 4 months ago

Europe sees fastest pace of rate hikes since euro launched

Associated Press  

FRANKFURT, Germany — The European Central Bank piled on another outsized interest rate hike aimed at squelching out-of-control inflation, increasing rates at the fastest pace in the euro currency’s history and underscoring the bank’s determination to control prices despite the threat of recession. ECB President Christine Lagarde acknowledged the risk is growing that the 19-country eurozone may plunge into recession …

Bank of England raises rates but avoids bolder hike like Fed
2 years, 5 months ago

Bank of England raises rates but avoids bolder hike like Fed

Associated Press  

LONDON — The Bank of England raised its key interest rate Thursday by another half-percentage point to the highest level in 14 years, but despite facing inflation that outpaces other major economies, it avoided more aggressive hikes made by the U.S. Federal Reserve and other central banks. The decision “suggests the Bank of England is concerned about the UK’s economic …

Central banks worldwide tighten policies to cool inflation
2 years, 5 months ago

Central banks worldwide tighten policies to cool inflation

Associated Press  

The U.S. Federal Reserve has been the most aggressive in using interest rate hikes to cool inflation that is battering both households and businesses this year. Following are actions taken Thursday, and also earlier this week, by central banks globally: Turkey: The Central Bank of the Republic of Turkey lowered the benchmark rate by 1 percentage point, to 12%. United …

Bank of England hikes interest rates but avoids more aggressive step
2 years, 5 months ago

Bank of England hikes interest rates but avoids more aggressive step

The Hindu  

Britain’s central bank raised its key interest rate Thursday by another half-percentage point to the highest level in 14 years, but it avoided more aggressive steps to tame inflation that the U.S. Federal Reserve and other banks have taken. The U.K. decision comes during a busy week for central bank action marked by much more aggressive moves to bring down …

Swiss central bank enacts biggest-ever hike to key rate
2 years, 5 months ago

Swiss central bank enacts biggest-ever hike to key rate

Associated Press  

GENEVA — Switzerland’s central bank carried out the biggest hike ever to its key interest rate Thursday, following the U.S. Federal Reserve and other central banks around the world in aggressive moves to clamp down on inflation. The Swiss rate increased from minus 0.25% to 0.5%, ending several years of negative interest rates — a testament to the stable growth, …

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