Norwegian policy normalisation is feasible – analysts
Uncommon combination of higher oil prices and weak currency offsets subdued consumer prices
Core inflation in Norway rose year on year in October slightly above market expectations, but it remains below target. However, higher oil prices and a weak krone are opening the door for a rate increase, analysts say.
Core inflation in Norway, measured as consumer price index inflation adjusted for tax changes and excluding energy products (CPI-ATE), rose year on year to 1.1% in October, up from 1% in September, according to official statistics published on November 10. Meanwhile, headline
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