March 20, 2020 / 7:38 AM / 11 days ago

Norway central bank slashes rates again to contain virus impact

OSLO, March 20 (Reuters) - Norway’s central bank has cut its key policy rate to 0.25% from 1.0% in a bid to alleviate the economic impact from the coronavirus outbreak, and may reduce rates further, it said on Friday.

It was Norges Bank’s second abrupt rate announcement triggered by the virus, following a half-point cut on March 13, when Governor Oeystein Olsen said the Norwegian economy was in a state of emergency.

Reporting by Terje Solsvik; Editing by Kevin Liffey

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