October 31, 2018 / 1:29 PM / a year ago

Norway c.bank chief says retail sales weakness likely to be temporary

AAS, Norway, Oct 31 (Reuters) - The recent weakness in Norway’s monthly retail sales data is likely of a temporary nature, and not caused by the central bank’s plans to raise interest rates, Governor Oeystein Olsen told Reuters on Wednesday.

“We’ve taken note. It was a bit weaker than we had expected, but we believe that can be explained,” Olsen said on the sidelines of a conference.

“I think this is of a temporary nature,” he added. (Reporting by Camilla Knudsen, editing by Terje Solsvik)

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