March 20, 2020 / 8:29 AM / 2 months ago

Norway offers 3-month funding to banks amid market turmoil

OSLO, March 20 (Reuters) - Norway's central bank has offered a third batch of extraordinary loans to the banking industry, it said on Friday amid economic turmoil caused by the coronavirus outbreak and a recent plunge in the price of oil, Norway's top export.

Norges Bank has launched a series of emergency measures to help stabilise markets, including two surprise rate cuts and a warning it may intervene in the currency for the first time in more than two decades. (Reporting by Terje Solsvik, editing by Nerijus Adomaitis)

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