Negative rates not ruled out – Norges Bank’s Olsen

Øystein Olsen, Governor of the Norges Bank, has slipped the possibility that the Nordic central bank could lower its benchmark rates to the negative territory.

Olsen argued that according to the current assessment of the Executive Board, the key rate could be reduced further in the next months.

EUR/NOK is currently trading in 5-week lows around the 9.30 handle.