Ott Ummelas
Team Leader, Nordic Economy and Government News at Bloomberg News
Father of three, Estonian, cover Nordic economy/government news for Bloomberg. Views are my own, not of my employer. Retweets aren't endorsements.
Articles
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5 days ago |
bloomberg.com | Francine Lacqua |Ott Ummelas
Asgeir Jonsson(Bloomberg) -- Iceland’s central bank governor said a 10% US import tariff is manageable for his Atlantic nation that’s displaying resilience to the fallout from the global trade war. Asgeir Jonsson, who heads up the Sedlabanki in Reykjavik, told Bloomberg Television that a key sign is that Iceland has “seen no capital outflow” during the recent market volatility. “Usually, when there is a turbulence, small monetary systems lose money,” Jonsson said in an interview on Friday.
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5 days ago |
bloomberg.com | Ott Ummelas
Shoppers in Stavanger, Norway Photographer: Naina Helén Jåma/Bloomberg(Bloomberg) -- Norway’s underlying inflation slowed more than forecast last month, fueling odds of an interest-rate cut by Norges Bank before the fall. The underlying consumer-price growth rate excluding energy fell to 3% last month, the slowest pace since January, according to data from the statistics office on Friday.
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5 days ago |
financialpost.com | Ott Ummelas
Article content(Bloomberg) — Norway’s underlying inflation slowed more than forecast last month, raising the chances of an interest-rate cut by Norges Bank before the fall. Sign In or Create an AccountArticle contentWe apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team.
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6 days ago |
financialpost.com | Ott Ummelas
Advertisement 1Norway’s central bank kept borrowing costs steady for its 11th consecutive meeting, and reiterated its plan to begin easing later this year. Article content(Bloomberg) — Norway’s central bank kept borrowing costs steady for its 11th consecutive meeting, and reiterated its plan to begin easing later this year. Sign In or Create an AccountArticle contentWe apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team.
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6 days ago |
bloomberg.com | Ott Ummelas
The headquarters of Norges Bank in Oslo. (Bloomberg) -- Norway’s central bank kept borrowing costs steady for its 11th consecutive meeting, and reiterated its plan to begin easing later this year. Norges Bank left its deposit rate on Thursday at 4.5%, the highest in more than 16 years, matching the forecast of almost all economists surveyed by Bloomberg.
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