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Further rate cut could overheat Norway property
Published Mon, Feb 2, 2015 · 09:50 PM
Oslo
ANOTHER rate cut in Norway could mark the tipping point for its housing market.
As the central bank signals a 50-50 chance it may need to keep lowering rates to tackle a slowdown in western Europe's biggest oil producer, Norway's mortgage lenders are cutting rates to lure customers. The country's biggest bank says the development threatens to stoke an already hot property market.
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