Macroprudential needed regardless of rate policy
Macroprudential policies are required regardless of the monetary-policy regime in place, said Svein Gjedrem, the governor of the Norges Bank.
Gjedrem said that the challenge of implementing macroprudential policy measures was establishing a level playing field and avoiding competition among regulatory authorities. He also said that the effect of the international downturn on Norway's economy was stronger than it would have been with a better domestic regulatory framework.
He said that to guard
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