Norway's central bank has reduced its key policy rate to zero percent, which is likely to have a negative impact on the country's banks' net interest margins.
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NCR believes the refinancing risk of Swedish companies has been reduced following recent government initiatives targeted at the export sector.
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Given coordinated efforts of the central banks and regulators, NCR believes that the COVID-19 crisis will be more about credit risk than the lack of liquidity observed during the financial crisis.
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