Norway Cuts Rate and Signals More Easing Ahead Amid Oil Plunge

  • Norges Bank sees key rate bottoming at 0.2% in 1Q 2017
  • Norway says it will proceed with caution in rate setting

Olsen Says Zero Is Not a Lower Bound for Norway

Norway’s central bank cut its benchmark interest rate to a record low and signaled it’s prepared to ease policy further to ward off a recession in western Europe’s biggest crude oil producer.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.