About: http://data.cimple.eu/news-article/d84fa67fe5cf49dcd082d830c4470cea8ca5040f21e29479e6fb2133

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

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rdf:type	schema:NewsArticle
schema:articleBody	The central bank of Norway said Thursday it was considering intervening to stop the fall of the Norwegian krone, which is taking a beating from the economic fallout of the new coronavirus. Faced with the risk of recession and a sharp drop in the price of oil, of which Norway is Western Europe's largest producer, the Norwegian krone is buckling under. Since the beginning of the year, when the currency was already weakened, the dollar has appreciated against the krone by more than 20 percent and the euro by almost 18 percent. The drop intensified on Wednesday and according to business news site e24.no the currency had never weakened more in a day since the country abandoned its fixed exchange rate regime in 1992. "In recent days, there has been an extraordinary situation in the market for Norwegian kroner," Norges Bank, the country's central bank, said in a statement. "Against this background Norges Bank is continuously considering whether there is a need to intervene in the market by purchasing Norwegian kroner," it said. phy/hdy/jll/jh
schema:headline	Norway central bank mulls currency intervention as krone plunges
schema:mentions	Currency intervention Western Europe Buckling Norwegian krone Recession Currency United States dollar Norway Coronavirus Exchange-rate regime Norges Bank The Drop (film) Fixed exchange-rate system PHY (chip) JLL (company)
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-03-19 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	neutral sentiment
http://data.cimple...readability_score	82 (xsd:integer)

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