Norges Bank reduces interest rates by 1 per cent
Source: Norges Bank
Norges Bank has decided to reduce the interest rate on banks' deposits with Norges Bank, the sight deposit rate, by 1.00 percentage point to 4.00 per cent, with effect from 26 June. The interest rate on banks' overnight loans will also be reduced by 1.00 percentage point.
Central Bank Governor Svein Gjedrem says that with an interest rate of 4.0 per cent, Norges Bank's
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