Norway signals further easing as it cuts again

Norwegian Central Bank Building

Norway's central bank cut its key rate by 25 basis points to 0.75% today, with a view to imposing another similar sized cut later this year.

Norges Bank cited weaker growth forecasts as a key motivation for the move, on the back of lower-than-expected oil prices and investment.

Inflation, excluding energy products and adjusted for tax changes, is running at 3% in Norway, but the headline figure is projected to drop to 2% by 2018, offering the central bank space to ease policy.

Governor Øystein

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