Norway's central bank may cut its benchmark rate today to 2% from 2.25%, the first rate cut...
Norway's central bank may cut its benchmark rate today to 2% from 2.25%, the first rate cut since 2009, as deepening eurozone gloom threatens the country's exports and pushes up bank borrowing costs. A full 60% of Norway's factory goods go to other European nations, and the region's crisis is already dragging down Norway's manufacturing output, consumer confidence and mainland economy growth.
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