In an article in Dagens Næringsliv, Olsen said that the key rate can be lowered to offset higher funding costs for Norwegian banks and warned against the serious outcomes of the economic outlook in Europe and Norway. However, Øystein Olsen suggested the Norwegian economy is well equipped to deal with disturbances and the key rate will be reduced as a counterweight to higher funding costs for banks.
Last month, Central bank had announced the interest rates will be kept at current levels for a long time.
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