An important Norwegian business climate survey shows that the prospects for local companies are improving, which is likely to provide support for further tightening of monetary policy next week. The Bank of Norway released a much-publicized regional contact point survey on Thursday. The results showed that most Norwegian companies expect business activity to pick up in the next few months. The inflation data signal was vague last week, and the market was quite divided on whether the central bank would keep interest rates unchanged or raise interest rates by 25 basis points to 4.5% again. This survey may become a key basis for the decisions of policy makers in Oslo. The central bank will announce the interest rate decision next Thursday. After two months of steady data lower than expected, core inflation rebounded to 3% in August, but it was still significantly lower than the central bank's previous forecast.

An important Norwegian business climate survey shows that the prospects for local companies are improving, which is likely to provide support for further tightening of monetary policy next week. The Bank of Norway released a much-publicized regional contact point survey on Thursday. The results showed that most Norwegian companies expect business activity to pick up in the next few months. The inflation data signal was vague last week, and the market was quite divided on whether the central bank would keep interest rates unchanged or raise interest rates by 25 basis points to 4.5% again. This survey may become a key basis for the decisions of policy makers in Oslo. The central bank will announce the interest rate decision next Thursday. After two months of steady data lower than expected, core inflation rebounded to 3% in August, but it was still significantly lower than the central bank's previous forecast.