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EUR/NOK rate holds lower but bounces....>

NORGES BANK
NORGES BANK: EUR/NOK rate holds lower but bounces off the lowest levels of the
day as the Norges Bank stage an intermeeting rate cut for the second consecutive
Friday. The Norges Bank trimmed rates by 75bps to a new low of 0.25%, adding
that they do not rule out further rate cuts.
- This follows the bank's statement yesterday that they are considering
intervening by buying the NOK after seeing "historically large" movements in the
NOK exchange rate. 

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