Money & Finance

Money and Finance

Further economic downturn - but no crisis

A fall in oil investment is expected to reduce mainland Norway’s GDP growth to just 1.1 per cent in 2015, compared with 2.3 per cent in both 2013 and 2014, according to Statistics Norway (SSB).

Key policy rate cut by 0.25 percentage points

The Executive Board of the Norwegian Central Bank (Norges Bank) decided at their Thursday meeting to lower the key policy rate by 0.25 percentage point to 1.25 per cent, a historic low.

18°C

Norway

Clear

Humidity: 93%

Wind: 11.27 km/h

  • 25 Sep 2017 30°C 18°C
  • 26 Sep 2017 30°C 16°C
Banner 468 x 60 px