Norwegian central bank cuts interest rate to 1.75%.(Brief Article) From: Nordic Business Report | Date: March 11, 2004 | COPYRIGHT 2004 M2 Communications Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group.Copyright information

NORDIC BUSINESS REPORT-11 March 2004-Norwegian central bank cuts interest rate to 1.75%(C)1994-2004 M2 COMMUNICATIONS LTD http://www.m2.com

The Norwegian central bank Norges Bank announced on Thursday (11 March) that it had decided to reduce the key interest rate on banks' deposits by 0.25 percentage points to 1.75%, effective on 12 March.

The interest rate on banks' overnight loans is being reduced correspondingly.

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