Norway’s central bank kept borrowing costs unchanged and signaled no intention to cut them before next year as it contends with the inflation risks posed by a weak krone.

Norway’s central bank held its key policy rate at 4.5%, a level that is expected to remain unchanged until the end of the year as a weak krone continues to threaten efforts to bring inflation down.

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This could cause 'irreversible' damage to the marine ecosystem.

The search for rare minerals amid the deep ocean floor could have a devastating effect on whales, other marine mammals and numerous forms of aquatic life, according to the report.