OSLO, March 16 (Reuters) – Exercise within the Norwegian financial system is levelling off and corporations anticipate enterprise prospects to be steady within the first half of 2023, a central financial institution enterprise survey confirmed on Thursday.
The quarterly survey gives key enter for the central financial institution, which in January mentioned it could “probably” elevate its key coverage rate of interest in March.
“Developments are barely stronger than contacts anticipated within the earlier survey, however there’s appreciable variation throughout sectors,” Norges Financial institution mentioned in a press release.
“The share of contacts experiencing recruitment difficulties is way decrease than in November, and fewer contacts report capability constraints. On the similar time, many contacts nonetheless report full capability utilisation and labour shortages.”
Norges Financial institution, which since September of 2021 has raised charges eight instances to a stage of two.75%, will announce its subsequent financial coverage resolution on March 23.
Reporting by Terje Solsvik, enhancing by Anna Ringstrom
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