×
S&P 500   3,845.08
DOW   31,037.68
QQQ   288.80
S&P 500   3,845.08
DOW   31,037.68
QQQ   288.80
S&P 500   3,845.08
DOW   31,037.68
QQQ   288.80
S&P 500   3,845.08
DOW   31,037.68
QQQ   288.80

Norway central bank hikes key policy interest rate to 1.25%

Thursday, June 23, 2022 | The Associated Press

COPENHAGEN, Denmark (AP) — Norway’s central bank raised its key policy interest rate from 0.75% to 1.25% on Thursday, saying “the prospects for a more prolonged period of high inflation suggest a faster rise in the policy rate than projected earlier.”

In a statement, Norges Bank cited a bigger than expected decline in unemployment and higher than anticipated inflation as factors in its decision. Inflation in Norway is at 5.7%, while unemployment came in at 3.2% in May.

“With rising wage growth and imported goods inflation, there are prospects that inflation will remain above the target for some time,” the bank said.

The bank's governor, Ida Wolden Bache, said the interest rate would most likely increase further, to 1.5 % in August.

"A faster rate rise now will reduce the risk of inflation remaining high and the need for a sharper tightening of monetary policy further out,” Bache said.

The bank said its forecast “indicates a rise in the policy rate to around 3% in the period to summer 2023.”

Norway is not a member of the European Union.


7 Commodities ETFs to Help Build a Hedge Against Inflation

Commodities are a broad category that covers agricultural products like wheat, corn, and soybeans. It also includes oil and derivative products such as gasoline, natural gas, and diesel fuel.

However, investing in commodities also covers precious metals such as gold and silver as well as base metals like copper and aluminum. And more recently, this sector includes items like lithium that will be needed in many of the emerging sectors of our economy.

Commodities trading is frequently done by trading contracts on the futures market. And it's not for faint-of-heart investors. Prices are volatile and can change quickly due to macroeconomic events.

However, at certain times, particularly in times of high inflation, commodities outperform the broader market. A practical alternative for individual investors looking to profit from commodities is to invest in exchange-traded funds (ETFs). These funds give investors exposure to this sector while reducing the risk that comes from investing in any single commodity.

Here are seven ETFs that you can buy to help build a hedge against inflation.



View the "7 Commodities ETFs to Help Build a Hedge Against Inflation".

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