DailyMarkets.com - Norway Keeps Rate On Hold, Says Economy Faring Well

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Norway Keeps Rate On Hold, Says Economy Faring Well Posted: 29 Aug 2012 05:21 AM PDT      The central bank of Norway kept its key policy rate unchanged at 1.5 percent, as widely expected, saying the country’s economy was doing well but inflation was on the low side.     ”The Norwegian economy is still faring well, but inflation is low. External growth is sluggish and interest rates abroad are very low. Against this background, the key policy rate is kept unchanged at 1.5 per cent,” Norges Bank said in a statement, quoting Deputy Governor Jan F. … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

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