Norwegian Crown Hit by Surprise Rate Decision

Discussion in 'Market News' started by ForexLive, Sep 24, 2015.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
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    The Norwegian central bank surprised markets with a rate cut earlier today in an effort to jumpstart growth there. With oil exports as a key industry in the Scandinavian country, Norway’s economy has been feeling the pinch of the recent oil price slump.

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