AMWatch

Norges Bank reduces interest rates to 1 percent - ready for more

Ahead of a planned meeting about rates, Norway's central bank has attempted to stimulate the economy.

Oystein Olsen, head of Norges Bank | Photo: https://www.norges-bank.no/en/topics/about/Organisation/The-Executive-Board/Governor/

The Norwegian central bank, Norges Bank, has executed an emergency rate reduction of 50 basis points to 1 percent, as politicians attempt to stimulate the economy.

The bank revealed this on Friday morning, a week before a scheduled meeting to discuss rates, saying that it is monitoring the situation closely and is ready to reduce the key interest rate further.

Read the whole article

Get 14 days free access.

No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from AMWatch

Further reading

Related articles

Latest news

Jobs

Latest news from FinansWatch (dk)

Latest news from EnergyWatch

Latest news from ShippingWatch