Norway central bank cuts rates in surprise move, eyes further reduction
Reuters was ahead of the competition reporting that Norway’s central bank delivered a surprise 25 bps interest rate cut on Thursday, confounding market expectations for no change and sending the Norwegian currency sliding. The post Norway central bank cuts rates in surprise move, eyes further reduction appeared first on Reuters Best.
Reuters was ahead of the competition reporting that Norway’s central bank delivered a surprise 25 bps interest rate cut on Thursday, confounding market expectations for no change and sending the Norwegian currency sliding. Reuters was also first to report that the central bank saw more cuts to come due to a more benign inflation outlook.
The post Norway central bank cuts rates in surprise move, eyes further reduction appeared first on Reuters Best.
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