Norway’s Central Bank kept its benchmark interest rate unchanged in line with expectations, but reiterated that it can lower the rate to deal with the economic downturn caused by low oil prices. 13 out of 14 economists polled by Reuters expected that the bank will keep the deposit rate unchanged at a record low level of 0.50%. All economists expected that rates would be lowered to 0.25% in September.

 

Photo: www.wsj.com

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