Norway Central Bank Keeps Rate At 1.5%
Norway’s central bank, as expected, kept it key policy rate unchanged at 1.50 percent, citing uncertainty surrounding the euro area but a slightly better-than-expected domestic economy. Central Bank Govenor Oystein Olsen said the central bank’s executive board had decided the policy rate should remain in the 1-2 percent range unless the [...]
Norway’s central bank, as expected, kept it key policy rate unchanged at 1.50 percent, citing uncertainty surrounding the euro area but a slightly better-than-expected domestic economy.
Central Bank Govenor Oystein Olsen said the central bank’s executive board had decided the policy rate should remain in the 1-2 percent range unless the Norwegian economy was exposed to major shocks. It said the key rate should remain around this level towards the end of 2012 and then … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards