Norges Bank

China Reports an Unexpected Jump in Exports, While Norway Surprises with a Rate Cut

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Overview: There is a sense of indecision in the air today.  There have been several developments, but investors seem mostly reluctant to extend positions.  China reported a surge in exports in April and an increase in the value of reserves.  Australia reported a rise in exports in March.  The Bank of England left policy steady, but …

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The Economic Tsunami that has Begun and the Drive for Cash

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With swarms of locusts in Africa and the Middle East and a particularly virulent virus spreading around the globe, the coming crisis may feel like the end of days. An economic tsunami has been unleashed. A consensus appears to be emerging among economists of the largest contraction in global GDP in a generation. Separately, but partly …

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