Norway's c bank makes largest rate cut in 10 years

Norway's central bank cut its main interest rate om Wednesday 25 June by a percentage point, the biggest reduction since 1992, to revive a faltering economy in the world's third largest oil exporter .

Source: Bloomberg

Norges Bank lowered its deposit rate to 4 percent from 5 percent, the biggest cut since Oct. 28, 1992 on Wednesday. The Oslo-based central bank also said inflation excluding energy costs and taxes will be below its 2.5 percent target in two years, indicating it may reduce rates in

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