Norway Cuts Rates to 0%, Warns of Worst Contraction Since WWII

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May.07 — Norges Bank Governor Oystein Olsen discusses the central bank’s surprise move to cut its main interest rate to zero due to the coronavirus pandemic and historic plunge in oil prices. He speaks on “Bloomberg Surveillance.”


In This Story: Norway

Norway is a Scandinavian country encompassing mountains, glaciers and deep coastal fjords. Oslo, the capital, is a city of green spaces and museums. Preserved 9th-century Viking ships are displayed at Oslo’s Viking Ship Museum. Bergen, with colorful wooden houses, is the starting point for cruises to the dramatic Sognefjord. Norway is also known for fishing, hiking and skiing, notably at Lillehammer’s Olympic resort. 

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