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Nordea issue an update on their.........>

NORGES BANK
NORGES BANK: Nordea issue an update on their expectations of Norges Bank policy
action. They had expected action from the central bank next week as of their
report earlier today, but have now added that liquidity in the Norwegian
short-end is 'collapsing'. They add that in order to prevent a total meltdown,
the Bank will have to add term liquidity very soon and could act as soon as
today or during the next few days.
- They could announce these liquidity measures in conjunction with a rate cut,
but could also leave this until next week's meeting.

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