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Norges Bank Warns More Rate Cuts May Be Needed After Oil Slump - Bloomberg
Norges Bank Warns More Rate Cuts May Be Needed After Oil Slump Bloomberg Norges Bank cut interest rates to a record low and said it may need to ease policy further to avoid a recession in western Europe's biggest oil producer. The overnight deposit rate was cut by 25 basis points to 1 percent, the Oslo-based central bank said. |
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