SWFI First Read, March 17, 2016

Norway Lowers Key Policy Rate Down to 0.5%

Norges Bank’s executive board decided to lower the key policy rate to 0.5% from 0.75%. According to a statement from the central bank’s governor Governor Øystein, ” Growth prospects for the Norwegian economy have weakened somewhat and inflation is expected to moderate further out. The Board has therefore decided to lower the key policy rate.”

Principal Financial Group and CCB Pension Unit Sign MoU Regarding Chinese Pensions

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