The Norges Bank announced its benchmark interest rate decision via twitter this Wednesday. The Norwegian Central Bank cut rates by 25 basis points and leaves the rate at 1.25%. The rate has declined by 4.5% since September of last year. No changes in the Bank’s projections could mean that the rate will hover around 1% as it tries to stimulate growth in the economy.
You can follow the announcement at the Central Bank’s twitter page http://twitter.com/norgesbank be advised that it is written in Norwegian.
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Alfonso Esparza
trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
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