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View Full Version : Norway Cuts Benchmark Rate as Surging Krone Threatens Jobs - Bloomberg



NewsWhore
03-14-2012, 01:10 PM
Norway Cuts Benchmark Rate as Surging Krone Threatens Jobs (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNE4VDorIsvPjiwNMEHW_Br1V6lebA&url=http://www.bloomberg.com/news/2012-03-14/norway-cuts-benchmark-rate-as-surging-krone-threatens-jobs-2-.html)
Bloomberg
The currency reached a nine-year high this month as investors bought the krone to tap higher returns offered by AAA rated Norway relative to the euro area. Inflation Below Target The krone fell 1.4 percent to 7.5592 per euro and 1.6 percent to 5.7903 ...

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