Gjedrem on the business cycle and monetary policy

SPEECH - In the speech 'The business cycle and monetary policy' made on 17 October, Svein Gjedrem of Norges Bank said share prices fell sharply this summer for several reasons, including poorer growth prospects abroad. Developments this summer indicate that the international recovery may be weaker, and come later, than we expected earlier.

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Address by Norway's Central Bank Governor Svein Gjedrem at Handelsbanken

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