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Norway Growth Falls
Norway Growth Falls

Norway Growth Falls

Norway Growth Falls

The sharp decline in investments by oil firms is a significant problem for Norway’s economy, central bank Governor Oeystein Olsen said, Reuters reported. “The fall is significant and a strongly negative impulse hitting the Norwegian economy,” Olsen told a business conference. “We get a negative impulse, which will be challenging in the time to come,” he added. Norges Bank on Thursday kept its key policy interest rate unchanged at a record low 0.5% and said it would most likely stay around that level in coming years, although it saw a slightly higher probability of a cut than of an increase.

 

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