Foreign Exchange & Fixed Income

Reuters ahead with Norway cutting rates to record low; market reacts

Reuters ahead with Norway cutting rates to record low; market reacts

Reuters was ahead with news of Norway’s central bank cutting its key policy rate by 75 basis points to a record low of 0.25% – the second move in a week in a bid to head off the economic impact of the coronavirus. The surprise move sent the Norwegian crown up more than 1% against the euro.