Norway's Bergo on monetary policy

In the speech 'Cyclical developments, monetary policy and the krone exchange rate' given on 28 September Jarle Bergo of Norges Bank said the cyclical upturn in the Norwegian economy continues, with strong growth since mid-2003.

"Real income growth has been solid in both the household and corporate sectors. Household demand, which spurred the recovery, is still on the rise. Many Norwegian export companies are operating at full capacity with solid profit margins. High prices for Norway's export

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