Norway's central bank lowers key interest rate

Note: This section contains information in English only.
Source: Bloomberg
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Norwegian central bank decided to lower its key interest rate for a second straight meeting as krone's appreciation was perceived as more significant risk than the threats of housing bubble. Overnight deposit rate was cut by 0.25 percentage point to 1.5% following a 0.5 percentage point chop in December. Krone plunged 1.4% versus Euro to NOK 7.5592 and lost 1.6% against US Dollar to NOK 5.7903. Currently EUR/NOK is trading at  NOK 7.5851 and USD/NOK is trading at NOK 5.8128.
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