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Norway's currency weaker than expected -central bank chief
January 5, 2017 / 11:20 AM / a year ago

Norway's currency weaker than expected -central bank chief

OSLO, Jan 5 (Reuters) - Norway’s crown currency has been somewhat weaker than the central bank had expected following its latest announcement on interest rates in mid-December, Governor Oeystein Olsen told Reuters on Thursday.

“Compared to our forecasts the crown has been a bit weaker,” Olsen said on the sidelines of a conference.

“For a while the oil price was rising without having an impact on the crown, so yes, it’s so far been a bit weaker than expected,” he added.

Olsen also said the 12.8 percent year-on-year rise in housing prices in December was somewhat higher than the central bank anticipated. (Reporting by Camilla Knudsen, editing by Terje Solsvik)

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