Norway to Tackle Oil Slump Via Krone Buffer, Government Says
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Norway is embracing a slump in the krone that Finance Minister Siv Jensen says will act as a buffer to protect western Europe’s biggest oil exporter from plunging crude prices.
A weaker currency, together with monetary policy measures, will be a first line of defense around the economy before the government considers additional measures, Jensen said yesterday in an interview following a speech in Oslo.