Norway sees the signal to lower interest

16.12.2015 / 02:38

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Norway sees the signal to lower the interest, the reason crude oil traded below $ 40 a barrel and possibly stunting

After oil prices collapsed to a level of gloom, the question is whether the central bank the largest producer in western Europe of crude oil will cut rates on Thursday or wait until early next year.

Brent, who in the past few days flirting with levels not seen since 2008, has fallen about Thirty-three percent this year, threatening to stop the growth in the country in which country one of nine jobs depend on oil. The collapse in prices has caused the worst decline in investment in oil and gas in Norway over the last 15 years, leaving open the economy to the risks of recession.

Probably measures which will take the central bank of Norway, will put pressure on the country's currency

E.Dimitrov JrTrader

Varchev Traders

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Norway sees the signal to lower interest

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