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Norway's Core Inflation Surprise Keeps Rate-Hike Plan Intact

(Bloomberg) -- Core inflation in Norway accelerated more than estimated last month, bolstering the outlook for the country’s central bank to continue interest-rate hikes. Underlying inflation, the key measure followed by Norges Bank, surged to an 11-month high of 2.1%, which compares with a 1.
Kristoffer Kjaer Lomholt Soren Kristensen Kjaer Lomholt Danske Bank Norges Bank New Economy Daily

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German Business Confidence Plunges on War's Repercussions

(Bloomberg) -- German business confidence plunged to the lowest level since the early months of the pandemic after Russia’s invasion of Ukraine clouded the outlook and caused energy prices to soar. A business-expectations gauge compiled by the Munich-based Ifo Institute fell to 85.
Clemens Fuest European Commission Ifo Institute Munich Based Ifo Institute President Clemens Fuest

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