Norway’s central bank, Norges Bank, has indicated a shift in forward guidance that could include interest rate hikes in the latter half of 2021. If it does so, it would make Norges Bank the first of the G10 central banks to raise short-term interest rates. Presented by @cmegroup:
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The fed has painted themselves into a corner. Rate increases in late 2018 resulted in equity market sell off.
Norges Bank has been consistantly wrong about the rates for 15 years now. They always say rates are slowly “normalizing” no mention of cycles or downturnd before after the fact. Always looking in the rear view mirror and always thinking nothing outside of a 1 sigma event can happen. Being a central bank with no gold at all with a national currency the size of a bob in the river of the oilmarket that tells you the level of hubris.
Wikipedia at least doesn’t list Norway as part of G10 countries…
Investing in a Bitcoin is the best investments anyone can do this year 2021 because bitcoin investments has made a lot of people millionaire.
Gogogo 7% interest pls
Yeah, let’s get this party started.
I’m moving to Norway done they know what they doing