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Sep
22
2011

Norges bank Kept interest rate unchanged

22 September 2011



Norway's central bank kept its main interest rate at 2.25 percent and said it did not expect to raise rates this autumn, citing a weaker global economy and worsening fallout from the euro zone debt crisis. The central bank said that while prospects for the Norwegian economy remained good, the international backdrop, particularly in Europe, meant that key rates abroad "will be very low over several years ahead".

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