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View Full Version : Norway Set to Keep Main Rate Unchanged to Cap Surging Krone - Bloomberg



NewsWhore
03-14-2012, 06:10 AM
Norway Set to Keep Main Rate Unchanged to Cap Surging Krone (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNHGpM04R6cyjcAzDojeI5CuLXzC2A&url=http://www.bloomberg.com/news/2012-03-14/norway-set-to-keep-main-rate-unchanged-to-cap-surging-krone-2-.html)
Bloomberg
The currency hit a nine-year high this month as investors snapped up the krone to profit from the higher returns offered in the AAA rated country relative to the euro area. The krone weakened 0.4 percent to 7.4840 per euro as of 11:12 am in Oslo.

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