Norges Bank does not expect wage-price spiral, governor says
Wage moderation allows central bank to strike balance between inflation and employment
Norway’s central bank sees no sign of a domestic wage-price spiral despite rising inflation, its governor Ida Wolden Bache said in an October 20 speech.
Wolden Bache said this will allow Norges Bank to implement a looser monetary policy and strike a balance between its inflation and employment policy goals. “We have a solid tradition whereby the social partners take into consideration firms’ profitability and employment developments in wage negotiations,” said Wolden Bache.
Norwegian inflation
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