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Central Banks
Norway cuts rates 0.25% to 1.50%

Norway cuts rates 0.25% to 1.50%

Central Banks
Jamie Coleman
14/03/2012 | 13:00 GMT

EUR/NOK spiking on the news, helping lift EUR/USD back to 1.3065.

  • Rates may stay lower for longer, Norges bank says
  • Blames strong krone for sluggish job growth, which lead to rate cut
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