Norway's central bank surprised economists and cut interest rates on Wednesday as growth concerns outweighed stubborn wage inflation. Business leaders had called for a cut to kickstart the economy. The Bank's accompanying press release appeared to suggest further cuts would be made.
The Norges bank announced it would lower its key sight deposit rate to 6.5 per cent from 7 per cent and its overnight lending rate to 8.5 per cent from 9 per cent.
The move followed a half-point easing to 2.75 per c
- Central banks may be thinking wrongly about inflation – Borio
- European Commission announces supervisory agency reforms
- Bank of Russia will be able to handle fallout from failing banks, analysts say
- Riksbank outlines three visions of ‘e-krona’
- Uruguay’s digital currency pilot ‘close to launch’, says governor
Back to Top