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Norway may cut rate as the Euro crisis squeeze

Monday, 21 November 2011
The euro crisis has pushed forced the Norwegian banks' costs so much that the policy rate may be lowered, according to Norway's central bank governor Øystein Olsen.


Banks' long-term funding needs need to be solved by others, according to Olsen.
"Any action on the use of state and the taxpayer's credit rating to finance banks and businesses belonging to the Government and the parliament, not the central bank," he writes in the newspaper Dagens Næringsliv.

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