Norway central bank says not taking part in rate cuts
OSLO (Reuters) - Norway's central bank said it was not taking part in coordinated interest rate cuts with other central banks on Wednesday.
"We are not part of this," a Norges Bank spokeswoman said. She declined immediately to give any reason for the decision.
Norway's main interest rate is at 5.75 percent after a series of increases aimed at controlling inflation as the oil-rich state's economy winds down after fast expansion.
Norges Bank's policy-setting executive board next meets on October 29.
(Reporting by Terje Solsvik)
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