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רמה: בינוני

Norway's Central Bank Enacts Big Rate Hike To Tame Inflation

מאמר באנגלית לתרגול קריאה. כולל 5 מילים חדשות עם תרגום לעברית, 3 שאלות הבנת הנקרא, 5 שאלות לשיחה. מתאים לרמה בינונית.

Read the article below.

In response to inflation that reached 6.8% in July, Norway's central bank increased its key policy interest rate by 0.5%, noting that "inflation has been considerably higher than projected." The increase to 1.75% was greater than anticipated. It stated that "activity in the Norwegian economy is high" and that unemployment is extremely low, dropping more than anticipated last month to 3.2%.

“The rise in prices has been broad-based in recent months and may entail that inflation will remain high for longer than expected earlier,” Norges Bank said in a statement. “A faster rate rise now will reduce the risk of inflation becoming entrenched at a high level and the need for a sharper tightening of monetary policy further out.” It occurs at a time when central banks all over the world are raising interest rates significantly to fight decades-high inflation. In recent weeks, rate hikes of a half-point or more have been implemented by the U.S. Federal Reserve, Bank of England, and European Central Bank to keep the economy from reaching a recession.

On the other hand, the rise in interest rates and rising inflation may cool down the property market and reduce household consumption faster than currently anticipated, according to the central bank of Norway, which is not a member of the European Union. Based on the outlook and balance of risks, the bank said it will likely increase the policy rate further in September. "There is also a risk of a sharper slowdown in global growth," it added.

מילים חדשות מהטקסט

  • Inflation /ɪnˈfleɪʃᵊn/ noun אִינפלַצִיָה

    the rate of increase in prices over a given period

    The rate of inflation increased by 9%.

  • Key /kiː/ adjective מַפְתֵחַ

    very important and having a lot of influence on other people or things

    Knowledge is a treasure, but practice is the key to it.

  • Entrenched /ɪnˈtrɛnʧt/ adjective מושרשת

    firmly established and difficult or unlikely to change

    The enemies were strongly entrenched on the other side of the river.

  • Half-point /hɑːf-pɔɪnt/ noun חצי נקודה

    one of two equal divisions of a unit of measurement, especially half of one percent

    Markets have been badly affected by the half-point rise in interest rates.

  • Consumption /kənˈsʌmpʃᵊn/ noun צְרִיכָה

    the act of using up a resource/s

    Water consumption decreased during the winter.

שאלות לשיחה

אין כאן תשובה נכונה — אלה שאלות לתרגול דיבור, לבד או מול מורה.

  1. What do you know about inflation?
  2. Do you feel the inflation in your country?
  3. Which region of your country would you like to purchase a home in? Why?
  4. How is the local real estate market doing right now?
  5. What changes would you make if inflation lasted longer than anticipated?

בדקו את עצמכם

3 שאלות. בחרו תשובה וקבלו בדיקה מיד.

  1. What has been broad-based in recent months?

  2. According to Norges Bank, what will reduce by a faster rate rise now?

  3. What may be the result of the rise in interest rates and rising inflation?

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