Oslo, Copenhagen - Norway's central bank said Wednesday it will hold a meeting on interest rates earlier than planned, citing the ongoing financial turmoil.

Meanwhile, Denmark's central bank on Wednesday said it would keep its key rates unchanged "for the time being." This comes a day after the lending rate and the rate of interest for certificates were raised from 4.6 per cent to 5.0 per cent.

The Norges Bank board of governors had planned to meet October 29, but would instead meet October 15, the bank said. The bank kept its key lending rate unchanged at 5.75 per cent at its latest meeting, in September.

Norges Bank will consider its rates and review the effects of the coordinated interest rate cuts announced earlier Wednesday by several central banks, including that of neighbouring Sweden. Other central banks that took action Wednesday include the Bank of England, the European Central Bank, the Federal Reserve, and the Swiss National Bank.

Norway is not a member of the European Union. Denmark is a EU member, but not a member of the eurozone. (dpa)