Norges Bank last cut on June 18th and began cutting last December for a cumulative 50bps move to 1%.
Economists are divided on whether another cut may be delivered now. That sounds familiar.
Anyway, crude oil, natural gas and condensates equal about 50% of Norway's exports and thus around double the share in Canada within a less diversified Norwegian economy, says Scotia bank.


BOJ Minutes Signal More Rate Hikes as Inflation Risks Grow
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