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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2 weeks ago |
bloomberg.com | Ott Ummelas |Harumi Ichikura
(Bloomberg) -- The Riksbank, which signaled a slight easing bias at its last meeting, will probably deliver a quarter-point reduction in Swedish borrowing costs already next month, according to a survey of economists by Bloomberg that contrasts with market pricing. Fourteen out of 24 analysts who responded to the survey expect the officials in Stockholm to move in June, with the rest projecting the policy rate staying at the current 2.25% then.
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2 weeks ago |
bloomberg.com | Ott Ummelas
The logo of Sedlabanki Islands, Iceland's central bank in Reykjavik. (Bloomberg) -- Iceland’s central bank lowered its key interest rate for a fifth straight meeting, and signaled further reductions depend on inflation moving closer to its target. Policymakers at Sedlabanki in Reykjavik unanimously reduced the 7-day term deposit rate a quarter of a percentage point to 7.5% on Wednesday, matching the consensus estimate by market participants published last week.
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2 weeks ago |
bloomberg.com | Ott Ummelas
Housing in Stavanger, Norway. Photographer: Naina Helén Jåma/Bloomberg(Bloomberg) -- Norway’s official data showing sluggish housing construction may skew the real picture, according to analysts with Nordea Bank Abp, who cited competing evidence of a rise in housing starts.
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3 weeks ago |
financialpost.com | Ott Ummelas
Article content(Bloomberg) — Norway’s economy surprised with better-than-expected growth in the first quarter, expanding at the fastest pace in almost three years, vindicating the central bank’s cautious stance on easing. 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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3 weeks ago |
bloomberg.com | Ott Ummelas
A battery recycling facility in Fredrikstad, Norway. Photographer: Naina Helén Jåma/Bloomberg(Bloomberg) -- Norway’s economy surprised with better-than-expected growth in the first quarter, expanding at the fastest pace in almost three years, vindicating the central bank’s cautious stance on easing.
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#NATO must take a stronger role in the Arctic to deter increasing Russian activity, according to the alliance’s former secretary general https://t.co/WBWObflgaK by @sanne_wass
NATO allies have started cobbling together an agreement to significantly boost defense spending in a way that may assuage US President Donald Trump’s demand to spend 5% of economic output on the military https://t.co/T6ESPGBeGT
In chilly #Finland, the waste heat from data centers is being harvested to help keep nearby cities warm https://t.co/svZtsWRzPl by @lpepaulsson @pohjanka @TwigaLundgren