Norway Ready to Use Rate Cuts to Cool Krone, Olsen Says
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Norges Bank is ready to cut interest rates further to counter krone gains that interfere with the inflation target, Governor Oeystein Olsen said.
“If it gets too strong over time, leading to inflation that’s too low, we will act,” Olsen said yesterday in an interview at his office in Oslo. “I have followed the krone development, and we always do, but it’s only one part of the overall picture.”