Norway eases rates and collateral rules

Norges Bank lopped a further half point of its key rate on Wednesday and agreed to accept domestic bonds as collateral regardless of their credit rating.

The central bank's rate cut - the second in a fortnight - leaves the key policy rate at 4.75%.

"A slowdown in the Norwegian economy appears to be occurring rapidly and is likely to be pronounced," the central bank said, though it added that the krone's recent depreciation could "contribute to underpinning output and employment in internationa

To continue reading...