About: http://data.cimple.eu/news-article/233f0261f3e72af4d4cddeb0e442880c87fed71f65475f05132ba875

Facets (new session)
Description
Metadata
Settings
- owl:sameAs
- Inference Rule:

About: http://data.cimple.eu/news-article/233f0261f3e72af4d4cddeb0e442880c87fed71f65475f05132ba875 Goto Sponge NotDistinct Permalink

An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

Attributes	Values
rdf:type	schema:NewsArticle
schema:articleBody	Norway on Thursday cut its key interest rate for the third time in under two months, slashing it a quarter of a point to a record low zero percent, but said further cuts were unlikely for the foreseeable future. "The policy rate will most likely remain at today's level for some time ahead," governor Oystein Olsen said. Asked whether he would consider taking the rate into negative territory, he replied: "Nothing is ruled out." "But we don't envisage making further policy rate cuts" in the current circumstances, he added. The coronavirus crisis has dealt a heavy blow to the Norwegian economy, doubly hard hit with plunging oil prices. Norway is Western Europe's biggest oil and gas producer. The central bank said it expected gross domestic product (GDP) to shrink by 5.2 percent this year. "The reason behind this decision is that activity in the Norwegian economy has fallen sharply because of the coronavirus pandemic and there is a lot of uncertainty about future developments," Olsen said. "Low rates cannot protect the Norwegian economy from experiencing serious consequences, but they can soften the setback and reduce the risk that unemployment will remain at a high level," he said. On May 5, official statistics showed 14.6 percent of Norway's workforce was out of a job. Thursday's rate cut surprised most economists. It was the third decrease since mid-March, when the key rate stood at 1.50 percent. The Norwegian government has meanwhile generously tapped the country's sovereign wealth fund, the world's biggest, to shore up the economy in the crisis. phy/po/jh
schema:headline	Norway slashes key rate to record low zero percent
schema:mentions	Interest rate Western Europe Sovereign wealth fund The Reason (Hoobastank song) Norway Gross domestic product Pandemic PHY (chip)
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-05-07 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	65 (xsd:integer)
http://data.cimple...tology#hasEmotion	sadness

Faceted Search & Find service v1.16.115 as of Oct 09 2023

Alternative Linked Data Documents: ODE Content Formats:

RDF

ODATA

Microdata

About

OpenLink Virtuoso version 07.20.3238 as of Jul 16 2024, on Linux (x86_64-pc-linux-musl), Single-Server Edition (126 GB total memory, 5 GB memory in use)
Data on this page belongs to its respective rights holders.
Virtuoso Faceted Browser Copyright © 2009-2025 OpenLink Software