Norway sees deeper, longer downturn ahead

Norges Bank shaved half a point off its key rate on signs the downturn could be deeper and last longer than previously expected.

"The downturn in the Norwegian economy may be deeper and more prolonged than we have assumed. Inflation may in turn become too low. This would then indicate that the interest rate should be cut further," the central bank said.

Corporate and household credit growth was slowing, but after stalling in the fourth quarter, the housing market was now showing signs of more

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account