Norway Central Bank Appoints Olsen For Second Term

(RTTNews) - Norway's central bank re-appointed Oystein Olsen as its chief for a second six-year term on Friday.

Olsen was appointed as Governor of Norges Bank by the Council of State for a second six-year term, the bank said in a statement.

He first became the Governor of the Norwegian central Bank in January, 2011.

"I look forward to a new term as Central Bank Governor," Olsen said.

"Together with Norges Bank's highly competent and engaged staff, I am delighted to undertake our important public tasks both within the central bank's core areas and investment management."

The central bank left rates unchanged at a record low 0.50 percent this month after reducing it by a quarter basis points in March.

The bank has said that the rate may be cut further this year to as low as zero, adding that a negative level was also possible if major shocks threatened the economy.