Norway c.bank offers 3-month funding to banks amid market turmoil

Sparebank 1 Nord-Norge

20/03/2020 08:21

OSLO, March 20 (Reuters) - Norway's central bank has offered
a third batch of extraordinary loans to the banking industry, it
said on Friday amid economic turmoil caused by the coronavirus
outbreak and a recent plunge in the price of oil, Norway's top
export.
    Norges Bank has launched a series of emergency measures to
help stabilise markets, including two surprise rate cuts and a
warning it may intervene in the currency for the first time in
more than two decades.  urn:newsml:reuters.com:*:nL8N2BC3E7 urn:newsml:reuters.com:*:nL8N2B61JO urn:newsml:reuters.com:*:nL8N2BD1UK

 (Reporting by Terje Solsvik, editing by Nerijus Adomaitis)
 ((terje.solsvik@thomsonreuters.com; +47 918 666 70))