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Norway Central Bank Keeps Rate At 1.5%
Posted on June 20, 2012 at 08:13 AM EDT
    Norway’s central bank, as expected, kept it key policy rate unchanged at 1.50 percent, citing uncertainty surrounding the euro area but a slightly better-than-expected domestic economy.     Central Bank Govenor Oystein Olsen said the central bank’s executive board had decided the policy rate should remain in the 1-2 percent range unless the [...]

    Norway’s central bank, as expected, kept it key policy rate unchanged at 1.50 percent, citing uncertainty surrounding the euro area but a slightly better-than-expected domestic economy.
    Central Bank Govenor Oystein Olsen said the central bank’s executive board had decided the policy rate should remain in the 1-2 percent range unless the Norwegian economy was exposed to major shocks. It said the key rate should remain around this level towards the end of 2012 and then … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


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