Norway becomes first European country to raise interest rates

Telegraph
"Norway has become the first country in Europe to raise interest rates since the start of the financial crisis as its economy recovers from a shallow downturn."
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Norway becomes first European country to raise interest rates since financial crisis (Daily Mail)
"Norway, which has a population of 4.8million, is not a member of the European Union, and has escaped the financial crisis largely unscathed thanks to vast oil revenues, which it invests in a sovereign wealth fund worth $420billion."