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Norway Maintains Interest Rate, Considers Cut In September

Norway's central bank in Oslo

Norway's central bank has decided to keep its key interest rate unchanged at a record low of 0.50%, citing the need for caution amid global economic uncertainties. The decision was announced following a meeting of the bank's monetary policy committee.

The central bank highlighted concerns about the ongoing trade tensions between the United States and China, as well as the potential impact of Brexit on the global economy. These factors have contributed to a sense of uncertainty in financial markets, prompting the bank to maintain its current monetary policy stance.

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