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

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.
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Comments (3)
  • youngman442002
    , contributor
    Comments (5131) | Send Message
     
    Is this PANIC.....me thinks so
    14 Dec 2011, 08:15 AM Reply Like
  • Papaswamp
    , contributor
    Comments (2204) | Send Message
     
    Not quite panic yet…but certainly should be seen as the red light blinking on the nuclear power plant trouble board….turn on the emergency pumps!
    14 Dec 2011, 08:22 AM Reply Like
  • youngman442002
    , contributor
    Comments (5131) | Send Message
     
    one other thing..didn¨t their sovereign wealth fund buy a 100 year bond from someone a year or two ago...????
    14 Dec 2011, 08:18 AM Reply Like
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