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Norges Bank

Basel II procyclical: Norges Bank

Basel II introduces an additional source of procyclicality into the banking sector, a new paper from Norges Bank finds.

Norway slashes rates on "major shocks"

Norges Bank has followed the Riksbank's lead in chopping 175 basis points off its key rate. Exposure to "new major shocks" sparked the move, which leaves the central bank's key rate at 3%. Elsewhere, three other central banks cut their key rate by 50…

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