Search
0
0
Norway: Forget about inflation
Wed, Oct 15 2008, 16:57 GMT
by Arne Lohmann Rasmussen
As widely expected, Norges Bank today cut its policy rate by 50bp to 5.25%.
In the press release Norges Bank put all its focus on the financial crisis, while the current high rate of inflation received almost no attention. With regards to the financial crisis, Norges Bank said that, "The most robust approach may therefore now be to implement measures to reduce the uncertainty and stave off particularly adverse outcomes for the economy. This implies a more active monetary policy than normal, both in interest rate setting and through liquidity policy measures."
Published on Wed, Oct 15 2008, 16:58 GMT
Danske Bank
| Holmens Kanal 2-12, DK-1092 Copenhagen
http://www.danskebank.com/ | danskeresearch@danskebank.com
Legal disclaimer and risk disclosure
This publication has been prepared by Danske Bank for information purposes only. It is not an offer or solicitation of any offer to purchase or sell any financial instrument. Whilst reasonable care has been taken to ensure that its contents are not untrue or misleading, no representation is made as to its accuracy or completeness and no liability is accepted for any loss arising from reliance on it. Danske Bank, its affiliates or staff, may perform services for, solicit business from, hold long or short positions in, or otherwise be interested in the investments (including derivatives), of any issuer mentioned herein. Danske Bank's research analysts are not permitted to invest in securities under coverage in their research sector. This publication is not intended for private customers in the UK or any person in the US. Danske Bank A/S is regulated by the FSA for the conduct of designated investment business in the UK and is a member of the London Stock Exchange. Copyright () Danske Bank A/S. All rights reserved. This publication is protected by copyright and may not be reproduced in whole or in part without permission.Related reports
Insights Market Outlook - Monetizing the Debt by Merk Hard Currency Fund
Tue, Dec 2 2008, 13:39 GMT
Daily Market Report - The Australian dollar rallied after the RBA lowered rates by 100bp (25bp more than anticipated) to 4.25% by Wachovia
Tue, Dec 2 2008, 13:30 GMT
Flash Comment - USA: Bernanke ready to take further steps by Danske Bank A/S
Tue, Dec 2 2008, 11:27 GMT
Market Session Snap-Shot - Asian Session - Equity Selling Continues by ACM - Advanced Currency Markets
Tue, Dec 2 2008, 10:13 GMT
Sunrise Market Commentary - Bernanke's quantitative policy remarks flatten curve by KBC Bank
Tue, Dec 2 2008, 08:37 GMT
Related content
Big Thai rate cut seen after airport siege, CPI data
Thomson Financial News | Wed, Dec 3 2008, 04:51 GMT
UPDATE 1-Rate cut a 'mistake' if prices high-Indonesia cbank
Thomson Financial News | Wed, Dec 3 2008, 04:27 GMT
UPDATE: Pakistan May Hike Rates Soon If Reserves Weak - IMF
Dow Jones | Wed, Dec 3 2008, 04:02 GMT
DATA SNAP:Colombia's November CPI +0.28% Vs Consensus +0.21%
Dow Jones | Tue, Dec 2 2008, 12:38 GMT
UPDATE 2-UK construction slump boosts case for big rate cut
Thomson Financial News | Tue, Dec 2 2008, 12:31 GMT
Interested in forex trading? forex brokerage firms!
FXstreet.com will give you a 3 months membership as soon as minimum rebates have been generated (€150 for private trader/ €300 for corporate trader)
[Read Premium full description]
Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.
Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. FXstreet.com has not verified the accuracy or basis-in-fact of any claim or statement made by any independent author: errors and Omissions may occur.
Any opinions, news, research, analyses, prices or other information contained on this website, by FXstreet.com, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. FXstreet.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
©2008 "FXstreet.com. The Forex Market" All Rights Reserved.