Sunday, April 5, 2009

Norway Forex Market



OSLO, Sept 24 (Reuters) - Norway's central bank issued the following statement on Wednesday after keeping interest rates steady.Norges Bank's Executive Board decided today to maintain its key policy rate unchanged at 5.75 per cent.-- There is now an unusually high degree of uncertainty linked to the turbulence in financial markets. There are wide daily swings in money market rates, equity prices, the krone exchange rate and oil and commodity prices. It is difficult to determine how long this pressure will last and the effects on inflation and activity in the Norwegian economy. It is therefore appropriate to keep the interest rate unchanged now, says Deputy Governor Jan F. Qvigstad.

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