Norway’s Central Bank Cuts Key Rate To 1.25%

Norway’s central bank on Wednesday cut its key lending rate by a quarter of a percentage point to 1.25%. “It seems likely that domestic output will gradually pick up again, but inflation is expected to slow to around 1.5% in the coming year,” Norges Bank Deputy Gov. Jan F. Qvigstad said, in a statement. Read [...]

Norway’s Central Bank Cuts Key Rate a Half Point

Norway’s central bank lowered its key interest rate by half a percentage point to 1.5 percent on Wednesday, citing the deepest global economic slump in decades. The central bank also cut rates by half a percent on March 25 and Feb. 4 after slashing them by a record 1.75 percentage points in December. Read more [...]