Norges Bank cuts rates 50bp in emergency meeting
Central bank offers extraordinary three-month loans to banks
Norges Bank has cut interest rates, offered loans to banks and called on the government to drastically cut the countercyclical capital buffer in a bid to limit the impact of Covid-19.
Today (March 13) at an extraordinary meeting, the monetary and financial stability committees of Norway’s central bank voted unanimously to reduce the policy rate by 50 basis points to 1%.
The institution said there is “considerable uncertainty about the duration and impact of the coronavirus outbreak, with a
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