April 27, 2018 / 10:20 AM / a month ago

Norway could impose ceiling on consumer loan rates if current measures fail

OSLO (Reuters) - The Norwegian government may impose a ceiling on interest rates for consumer loans unless recently imposed regulations help curb a growing trend of small, expensive loans, Finance Minister Siv Jensen said in a statement on Friday.

Current regulations will be allowed to work for a while, to asses their impact, before any decision on a rate ceiling is made, she added.

Reporting by Terje Solsvik, editing by Camilla Knudsen

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