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Norway came one step closer to blazing a trail in Western Europe and appointing a female central bank chief.

Oystein Olsen announced his departure from Norges Bank and a woman is in line to succeed him.

Norway came one step closer to blazing a trail in Western Europe and appointing a female central bank chief after Oystein Olsen’s announcement that he’ll step down from the role in February.

Norway’s Strongest Housing Market Since 2016 Stokes Rate Bets Mar 03 2021, 7:53 PM March 03 2021, 7:21 PM March 03 2021, 7:53 PM (Bloomberg) -- Norway’s house prices reached the highest level in five years, adding pressure on the central bank to raise interest rates well before peers with a move as soon as the second half of 2021. (Bloomberg) -- Norway’s house prices reached the highest level in five years, adding pressure on the central bank to raise interest rates well before peers with a move as soon as the second half of 2021. The cost of a home rose 1.3% this month from Ja...

Households stronger after crisis February 8, 2021 The price of Norway’s North Sea crude oil rose over the USD 60 mark on Monday, for the first time since the Corona crisis began. Economists also predict Norwegian households will be stronger when the crisis ends, and interest rate hikes are expected. Norway’s krone strengthened on Monday after the oil price rise, with one US dollar now costing around NOK 8.5 instead of NOK 8.6 before the weekend. Recent predictions by Nordea Markets of four interest rate rises by the end of 2022 will also likely strengthen the krone. Norway’s central...