Erik Bruce News
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Norway’s central bank will probably keep interest rates unchanged for a seventh meeting after policy makers managed to weaken the krone with easing signals.
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Norway’s economy will expand at a slower pace than previously forecast as weaker demand from crisis-hit Europe and a strong krone hurt exports, Statistics Norway said.
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Norway’s inflation rate dropped in January to the lowest level since 2006, increasing the central bank’s scope to keep interest rates unchanged.
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The krone will rally against the euro as the central bank raises its key rate on May 5 even as a stronger currency threatens to slow the nation’s economic rebound, according to Nordea Bank AB.
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Norway’s central bank will probably keep its benchmark interest rate unchanged for a third consecutive meeting as it guards against Europe’s deepening debt crisis and protects exporters from krone gains.
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Norway’s central bank wants to pay financial institutions less on their deposits in an effort to restore liquidity to the country’s money markets.
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Norges Bank will probably keep its benchmark interest rate unchanged today and may signal a slower pace of tightening as the debt crisis in the euro area, Norway’s main trading partner, threatens to impede its economic recovery.
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Norway’s central bank kept its benchmark interest rate unchanged after global market turmoil forced policy makers to abandon a planned increase.
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Norway’s central bank kept its benchmark interest rate unchanged for a third consecutive meeting as European leaders struggle to contain a debt crisis that’s threatening the region’s economic recovery.
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Norway’s central bank cut its benchmark interest rate for a second consecutive meeting as policy makers deem the threat of krone appreciation to be more serious than the risk of a credit-driven housing bubble. The krone plunged against the euro and the dollar.
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