Norway central bank offers funding to banks amid virus turmoil

Sparebank 1 Nord-Norge

13/03/2020 07:51

OSLO, March 13 (Reuters) - Norway's central bank said on
Friday it had offered the first in a series of extraordinary
loans to the banking industry amid market turmoil caused by the
coronavirus outbreak.
    The loan, in response to a rise in short-term money market
rates, was in line with an announcement on Thursday that Norges
Bank would disburse three-month funding via so-called F-loans.
 urn:newsml:reuters.com:*:nO9N28G021
    Earlier on Friday, the central bank announced a surprise
half-point cut in its key policy interest rate.  urn:newsml:reuters.com:*:nL8N2B61JO

 (Reporting by Terje Solsvik; Editing by Kevin Liffey)
 ((terje.solsvik@thomsonreuters.com; +47 918 666 70))