Norges Bank willing to consider move into negative territory

Norges Bank: 25 basis point cut

Norges Bank lowered its policy rate closer to zero today (March 17), signalling for the first time that it may be willing to move into negative territory.

The central bank reduced its benchmark rate by 25 basis points to 0.5% in a move that had been widely expected. Nonetheless, it took analysts aback with a significant cut to its projected path of interest rates and the suggestion it could go even further.

"Should the Norwegian economy be exposed to new major shocks, the executive board will

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