October 31, 2018 / 1:29 PM / 17 days 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)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below