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    Home > Chemicals Industry > Chemical Technology > Norwegian economic growth: oil investment strengthens interest rate hike expectations

    Norwegian economic growth: oil investment strengthens interest rate hike expectations

    • Last Update: 2022-11-26
    • Source: Internet
    • Author: User
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    According to Reuters on August 23, two reports released by Statistics Norway (SSB) on Thursday showed that Norway's basic growth momentum in the second quarter remained strong, and next year may further boost investment plans
    in the oil industry.

    Economists said the highly anticipated data provided support
    for the central bank's plans to begin tightening monetary policy next month.
    That would be the first time in seven years that Norwegian interest rates have risen
    from a record low of 0.
    5 percent.

    Non-oil gross domestic product rose 0.
    5 percent in the second quarter from the first quarter, dragged down by lower hydroelectric dam capacity but still in line with expectations from analysts polled by Reuters
    .

    According to Reuters on August 23, two reports released by Statistics Norway (SSB) on Thursday showed that Norway's basic growth momentum in the second quarter remained strong, and next year may further boost investment plans
    in the oil industry.

    petroleum

    Economists said the highly anticipated data provided support
    for the central bank's plans to begin tightening monetary policy next month.
    That would be the first time in seven years that Norwegian interest rates have risen
    from a record low of 0.
    5 percent.

    Non-oil gross domestic product rose 0.
    5 percent in the second quarter from the first quarter, dragged down by lower hydroelectric dam capacity but still in line with expectations from analysts polled by Reuters
    .

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