Menu

Search

  |   Commentary

Menu

  |   Commentary

Search

Commodity-dependent Norway's Norges Bank to cut rates?

Norges Bank last cut on June 18th and began cutting last December for a cumulative 50bps move to 1%. 

Economists are divided on whether another cut may be delivered now. That sounds familiar. 

Anyway, crude oil, natural gas and condensates equal about 50% of Norway's exports and thus around double the share in Canada within a less diversified Norwegian economy, says Scotia bank.

  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.