Norges Bank cuts interest rates as krone weakens
Norges bank tackles impact of low inflation on growth of falling oil prices
Norway's central bank has cut its benchmark interest rate by 25 basis points to 1.25%, the lowest level since 2009, as it grapples with the diverse consequences of falling oil prices.
The price of Brent crude touched $65 per barrel earlier this week, the lowest level since the aftermath of the financial crisis five years ago.
Like other oil-exporting country central banks recently, Norges Bank today signalled that it expects prices to remain at low levels for the foreseeable future.
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