Norway's central bank cuts it benchmark rate 50 bps to 1.75%, more than the expected 25 point...

|By:, SA News Editor

Norway's central bank cuts it benchmark rate 50 bps to 1.75%, more than the expected 25 point cut. "The turbulence in financial markets has intensified and external growth is now expected to be clearly weaker, particularly in the euro area," says Deputy Governor Jan Qvigstad.