{
  "id": 6633760,
  "title": "Faren er ikke over",
  "url": "https://urgent.news/2026/09/10/faren-er-ikke-over",
  "topic": "business",
  "section": "Business",
  "published": "2026-09-10T19:38:49.000Z",
  "source": {
    "name": "E24 Norway",
    "slug": "e24-norway",
    "url": "https://e24.no/norsk-oekonomi/i/Pd2La7/faren-er-ikke-over"
  },
  "original_language": "en",
  "account": "On Thursday morning, figures revealed that prices were not increasing as rapidly as the Norwegian Central Bank had anticipated. This is good news for those hoping the central bank will not raise interest rates next week. Prices rose by 3.3 percent over the past year, while core inflation, which excludes energy price and tax changes, rose by 3 percent. This is what the Norwegian Bank is most concerned with when evaluating price increases and what may happen to the interest rates. The bank's goal is to bring down the inflation rate to 2 percent, so there is still a significant gap. Many economists had guessed an interest hike next week. Prices did not rise as much as expected in June and July. Is there a new trend? Will interest rates finally start to bite? Does the 3-month period of lower price growth being lower than expected mean that the temperature of the Norwegian economy is starting to cool down? Norwegian economists at DNB Carnegie expect inflation to improve in the coming months but for core inflation to remain high, meaning an interest hike may still be needed in December. SB1 Markets still predict an interest hike in September, just as Handelsbanken does. But one can guess in the church. The challenge for the Central Bank is that it is difficult, if not impossible, to know how inflation will evolve. Uncertainty is high and reinforced by geopolitical turmoil and international trade war. In the past, the Norwegian Bank surprised everyone with an interest cut in June, followed by another cut in September. The central bank chief, Ida Wolden Bache, \"took the brakes gently.\" Inflation has returned again and is harder to tame than perhaps expected. The Bank may need to act again, and interest rates may be cut again. Nordea is waiting for the first interest cut in 2028. For indebted Norwegians, there is no reason to plan better advice with the first one. The Bank has stressed again the need for tight monetary policy. This means simply that interest rates must be kept high to try to cool down the economy. Companies are doing well, we have low unemployment, and wages for most people actually grow more than prices. It turns out we can actually tolerate high interest rates pretty well. Next week, the central bank will release the Regional Network Survey, which will give a temperature reading on how businesses in the country are doing. What comes next will be decisive for whether Bache and colleagues raise interest rates before the autumn break.",
  "summary": "Det er lov å håpe på at Norges Bank ikke hever renten denne måneden, men det er for tidlig…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}