Norway's Bergo on monetary policy

In the speech 'Projections, uncertainty and choice of interest rate assumption in monetary policy' given on 27 January Jarle Bergo of Norges Bank said assessing uncertainty is an important part of the central bank's communication strategy.

An explicit forecast for inflation, output and the interest rate, in addition to assessing uncertainty in the forecasts, is intended to enable economic agents to better understand the central bank's intentions in its interest-rate setting. When the economy is

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