Norges Bank has cut interest rates, offered loans to banks and called on the government to drastically cut the countercyclical capital buffer in a bid to limit the impact of Covid-19.

Today (March 13) at an extraordinary meeting, the monetary and financial stability committees of Norway’s central bank voted unanimously to reduce the policy rate by 50 basis points to 1%.

The institution said there is “considerable uncertainty about the duration and impact of the coronavirus outbreak, with a