Norway’s central bank has cut its main interest rate and hinted at possible negative rates ahead to support a weakening economy.
The Norwegian crown slid three percent against the euro and slumped to a 13-year low against the dollar as markets were taken aback.
Most economists surveyed in one poll had expected the main interest rate to remain at one percent.
The bank’s reserve rate has been set to minus 0.25 percent for the first time.
The oil and gas sector, worth a fifth of Norway’s econom…
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