Economy and macroUpdated Yesterday

Norway’s core inflation falls to 2.7%.

October’s inflation number tells two stories, depending on which forecast you look at. Norway’s annual core inflation fell to 2.7% in October, from 3.0% in September, according to figures from the country’s statistics agency. It was below the 2.8% forecast in a Reuters poll, but matched Norges Bank’s 2.7% projection. Bloomberg described the easing as in line with estimates and said it likely reduces the chance of another rate hike next month.

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