Author (Person) | Anderson, Robert |
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Series Title | Financial Times |
Series Details | 18.12.08 |
Publication Date | 18/12/2008 |
Content Type | News |
Article reports that Norway’s central bank made its biggest interest rate cut ever on the 17 December 2008 to try to revive the oil-rich country’s faltering economy. The Norges Bank cut its main policy rate by 1.75% to 3%. The deep cut, which follows a similar move by Sweden’s Riksbank two weeks ago, underlines how Nordic policymakers are scrambling to ease fiscal and monetary policy as the region starts to suffer from the global economic downturn. |
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Countries / Regions | Norway |
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