Live Breaking News & Updates on Governor oystein olsen

Stay informed with the latest breaking news from Governor oystein olsen on our comprehensive webpage. Get up-to-the-minute updates on local events, politics, business, entertainment, and more. Our dedicated team of journalists delivers timely and reliable news, ensuring you're always in the know. Discover firsthand accounts, expert analysis, and exclusive interviews, all in one convenient destination. Don't miss a beat — visit our webpage for real-time breaking news in Governor oystein olsen and stay connected to the pulse of your community

ASX to rise, Wall St higher, bitcoin tops $US44,000

Australian shares are set to open with modest gains amid broad buying in New York. $A holding above US75¢.

Norway , New-york , United-states , Australia , Shanghai , China , United-kingdom , Washington , Beijing , Russia , Solomon-islands , London

Don't Squander World's Biggest Wealth Fund, Olsen Tells Norway

(Bloomberg) -- Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast.

Norway’s outgoing central bank Governor Oystein Olsen called on politicians to exercise prudence and avoid frittering away the country’s $1.

Norway , Oslo , Oystein-olsen , Nicolai-tangen , Jens-stoltenberg , Ida-wolden-bache , Dagens-naeringsliv , Jon-nicolaisen , Bloomberg , Norges-bank-investment-management , Norges-bank , New-economy-daily

Race to Pick Norway's Next Central Bank Chief Branded a 'Farce'

(Bloomberg) -- Norway’s race to appoint a new central bank governor is reaching a finale mired in controversy at the prospect of a political ally and friend of Prime Minister Jonas Gahr Store getting the job.

Norway , Finland , Czech-republic , Oslo , Denmark , Russia , Russian , Norwegians , Czech , Oystein-olsen , Jiri-rusnok , King-harald

China's Economy Loses Steam Just as Omicron Spreads: Eco Week

(Bloomberg) -- Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast.

China’s economy, still hurting from a property market slump, is now bracing for a hit from partial shutdowns as authorities try once again to halt the spread of Covid-19.

Norway , Malaysia , Australia , Japan , United-states , Argentina , Brazil , China , Beijing , South-africa , Colombia , Indonesia

Central Bankers Are Spooked by Signs That Inflation Is...

Many central banks are starting to withdraw the emergency stimulus they introduced to fend off last year’s pandemic recession.

Norway , Australia , Japan , United-states , Argentina , Washington , Brazil , China , Beijing , Boston , Massachusetts , South-africa

Central Bankers Are Spooked by Signs That Inflation Is Lingering for Longer

(Bloomberg) -- Many central banks are starting to withdraw the emergency stimulus they introduced to fend off last year’s pandemic recession. With inflation accelerating, the Federal Reserve is set to slow its asset-purchase program, while peers in Norway, Brazil, Mexico, South Korea and New Zealand are among those to have already raised interest rates. Behind the shift are signs that the recent inflation scare won’t fade soon amid supply chain strains, surging commodity prices, post-lockdown demand, ongoing stimulus and labor shortages. Complicating the task for policy makers is that growth may be slowing, prompting some to warn of a stagflationary-lite environment. That puts central bankers in a bind as they debate which risk they should prioritize. Targeting inflation with tighter monetary policy adds to the pressure on economies, but trying to boost demand may ignite prices further. For now, the feeling of many is that inflation has lingered longer than most predicted. As Huw Pill, the Bank of England’s new chief economist, said last week, the “balance of risks is currently shifting towards great concerns about the inflation outlook, as the current strength of inflation looks set to prove more long-lasting than originally anticipated.” Not all are as concerned or looking to change tack. Officials at the European Central Bank and Bank of Japan are among those intending to keep stimulating their economies aggressively. And the International Monetary Fund predicts that in advanced economies at least, inflation will soon ease to about 2%. What Bloomberg Economics Says: “Stagflation is too strong a word. Still, supply shocks that lift prices and lower output leave monetary policy makers with no easy options. With little urgency to act, the Fed and other major central banks are preserving optionality. If stubborn inflation forces their hand, the global recovery will face an additional drag.” --Tom Orlik, chief economist Here is Bloomberg’s quarterly guide to 23 of the world’s top central banks, covering 90% of the world economy: GROUP OF SEVEN U.S. Federal Reserve Current federal funds rate (upper bound): 0.25% Bloomberg Economics forecast for end of 2021: 0.25% Bloomberg Economics forecast for end of 2022: 0.25% Jerome Powell, who’s waiting to hear if he’ll be renominated for another four years at the helm of the Fed, has recently taken a step toward scaling back massive pandemic support. The Fed chair last month said the U.S. central bank could start to taper monthly bond purchases as soon as November. Getting that started is top of his to-do list, alongside persuading Americans that the Fed is also keeping an eye on higher-than-expected inflation. He’ll try to communicate that message without giving the impression that the Fed is getting closer to raising near-zero interest rates, even though policy makers were evenly split on rate liftoff next year, according to quarterly projections they released Sept. 22. But the forecasts -- displayed as anonymous dots on a chart -- can be affected by shifts in personnel. In addition to Powell’s chairmanship, President Joe Biden has the chance to pick three other governors on the seven-seat Board in Washington. A decision on the chair is expected this fall. There are also changes coming among the 12 regional Fed presidents. Two of the most hawkish -- Dallas Fed President Robert Kaplan and Boston’s Eric Rosengren -- are stepping down following revelations about their trading activity in 2020. Rosengren cited a serious health condition in announcing his early retirement. What Bloomberg Economics Says: “Stubbornly high inflation means risks appear to tilt toward an earlier hike than our current baseline of a 2023 move. However, our analysis of the views of voting FOMC members in 2022 suggests that the majority prefers a somewhat more accommodative timeline than implied by the committee median. After Rosengren’s early resignation, we think four 2022 voters currently favor a hike, against six for a hold next year.” --Anna Wong Rosengren’s Exit Leaves Just Four Hike Votes in 2022 European Central Bank Current deposit rate: -0.5% Bloomberg Economics forecast for end of 2021: -0.5% Bloomberg Economics forecast for end of 2022: -0.5% The ECB is preparing for a major policy update in December, when projections through 2024 will show how much progress inflation is set to make toward sustainably reaching a newly set 2% goal. Global supply bottlenecks and a series of one-time factors have pushed price growth far above that rate, though pressures are expected to ease over the course of next year. Policy makers led by President Christine Lagarde have already decided to slow purchases under their 1.85 trillion-euro ($2.2 trillion) pandemic program in the fourth quarter, and are likely to allow the plan to expire in March. A debate in coming months about how to redesign the ECB’s older bond-buying scheme may prove more contentious, with some advocating more flexibility and an increase in pace that others say may not be needed. What Bloomberg Economics Says: “Wage growth is unlikely to accelerate sustainably until the significant spare capacity in the labor market is absorbed. That will leave many on the Governing Council doubtful about the persistence of inflation and pushing for an increase in bond buying through the Asset Purchase Programme. They will also be concerned about the credibility of the ECB’s commitment in its strategy review to more ‘forceful or persistent’ action at the effective lower bound.” --David Powell Bank of Japan Current policy-rate balance: -0.1% Bloomberg Economics forecast for end of 2021: -0.1% Bloomberg Economics forecast for end of 2022: -0.1% BOJ Governor Haruhiko Kuroda must now work with a new prime minister, Fumio Kishida, to guide the economy out of the pandemic. The BOJ could decide this quarter to extend its Covid funding measures or wrap them up by the end of March, as planned. The policy board will be watching to see if the recovery benefits from a release of pent-up demand after restrictions on activity were finally lifted last month, and as vaccination rates rise. Still, inflation that’s forecast to stay below target for years means the bank is unlikely to let up on its main stimulus any time soon, even as peers move toward normalization. That divergence should keep the yen weak, providing a tailwind for Japan’s export-led recovery. What Bloomberg Economics Says: “Some central banks are looking to exit. Not the BOJ -- it’s far behind. We expect it to stay on cruise control through 2022. Goushi Kataoka, a prominent reflationist on the policy board, will see his term expire next summer. Japan’s new administration could fill his seat with a person who has a more balanced view on monetary policy – supporting a move toward normalization..” --Yuki Masujima BOJ Board Is United for Fighting Covid Crisis Bank of England Current bank rate: 0.1% Bloomberg Economics forecast for end of 2021: 0.1% Bloomberg Economics forecast for end of 2022: 0.25% With U.K. inflation on course to hit more than double the BOE’s 2% target by the end of the year, speculation is mounting the institution will be the among the first of its G-7 peers to start unwinding pandemic-era rate cuts.While officials said in September that they didn’t necessarily have to wait until their bond-buying plan finishes at the end of this year to act, most economists are penciling in the first move in for 2022. Markets are even more aggressive, and at one stage were predicting three increases next year.Still, concerns that a premature tightening would choke off the recovery may yet stay the BOE’s hand, especially as U.K. consumers prepare for a difficult winter of mounting bills. What Bloomberg Economics Says: “Inflation is becoming increasingly hard to ignore for the BOE. But we expect a rise in unemployment, following the end of the government’s furlough scheme, and a slower recovery to cool concerns among policy makers. That should mean interest rates are left alone until May. Still, we can’t rule out an increase this year if inflation continues to su

Norway , Australia , Japan , United-states , Argentina , Washington , Brazil , China , Beijing , Boston , Massachusetts , South-africa

Central bankers spooked by signs inflation lingering longer

MANY central banks are starting to withdraw the emergency stimulus they introduced to fend off last year’s pandemic recession.

Norway , Australia , Japan , United-states , Argentina , Washington , Brazil , China , Beijing , Boston , Massachusetts , South-africa

Norway Hikes Rates, Becoming the First Central Bank in the Developed World to Do So

Norway Hikes Rates, Becoming the First Central Bank in the Developed World to Do So
nbcconnecticut.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nbcconnecticut.com Daily Mail and Mail on Sunday newspapers.

Norway , United-states , Norwegian , Oystein-olsen , European-central-bank , Norges-bank-on , Federal-reserve , Reuters , Governor-oystein-olsen , Norges-bank , நோர்வே , ஒன்றுபட்டது-மாநிலங்களில்

Norway Becomes First Developed Central Bank To Hike Rates Post-COVID

Norway Becomes First Developed Central Bank To Hike Rates Post-COVID
zerohedge.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zerohedge.com Daily Mail and Mail on Sunday newspapers.

Norway , Turkey , Brazil , Norwegian , Oystein-olsen , Norges-bank , Thursday-norway , Governor-oystein-olsen , Monetary-policy-report , நோர்வே , வான்கோழி , பிரேசில்

Norway Delivers Rate Lift-Off With Next Hike Set for December

Norway Delivers Rate Lift-Off With Next Hike Set for December
bloombergquint.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bloombergquint.com Daily Mail and Mail on Sunday newspapers.

Norway , Sweden , Oslo , Switzerland , Brazil , Brazilian , Swiss , Oystein-olsen , Dane-cekov , Bloomberg , European-central-bank , Regional-network