Speech by Svein Gjedrem of Norway's central bank

SPEECH - The governor of Norway's central bank, Norges Bank, Svein Gjedrem, gave an address at the Wage Bargaining Conference of the Electricians and IT Workers' Union in Vestfold and Telemark counties on 24 August.

Please note that the text below may differ slightly from the actual presentation.

The overview of the economic situation is based on the assessments from Norges Bank's last monetary policy meeting on 8 August.

The objective of monetary policy

In spring this year, the Norwegian Government

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