Norway

Speech by Svein Gjedrem of Norges Bank, 19 Sep

SPEECH - Gjedrem said in the speech titled 'Economic policy challenges' that monetary policy functions with considerable and variable lags. Therefore, the current level of inflation does not provide an adequate basis for determining the level at which…

Speech by Svein Gjedrem of Norges Bank, 6 Sep

SPEECH - In the speech titled 'The role of the Central Bank' Gjedrem said that the Norwegian economic system has undergone substantial changes over the past ten to twenty years. The model based on detailed control of capital, credit and interest rates…

Speech by Jarle Bergo of Norges Bank, 5 Sep

SPEECH - Bergo said in the speech titled 'Monetary policy, cyclical fluctuations and competitiveness' that through a sound, credible orientation of monetary policy, it is possible to attain an inflation rate that on average is equal to the targeted…

Speech by Svein Gjedrem of Norges Bank, 30 Aug

SPEECH - Gjedrem said in the speech titled 'Monetary policy, securities markets and municipalities' that Norway has a well-developed financial system, but it has a small bond market compared with other countries. In the long run, a larger and more liquid…

Norges Bank keeps interest rates unchanged

NORWAY - Norway's central bank kept interest rates on hold at an executive board meeting on Wednesday but switched to a neutral bias for rates, reflecting dwindling inflationary pressures in the oil-backed economy.

OECD backs Norway's central bank policy

NORWAY - The Organization of Economic Cooperation and Development (OECD) urged Norway on Friday to resist the temptation of spending any more of its vast oil revenues and leave interest rates high to keep inflation in check.

Speech by Svein Gjedrem of Norges Bank, 21 Aug

SPEECH - On Wednesday Gjedrem said in a speech titled 'Monetary policy in an oil economy' that lower wage growth would boost earnings and employment. In addition, interest rates could be reduced. He added that activity in the Norwegian economy as a whole…

No interest rate change in Norway

NORWAY - Norway's central bank kept key interest rates on hold on Wednesday, as expected by analysts, with inflationary pressures in Norway's oil-backed economy offset by an international slowdown.

Norges Bank's Inflation Report 2, 2002

REPORT - The Inflation Report discusses developments in the Norwegian economy and other factors that influence the inflation outlook. In addition, the balance of risks and uncertainty associated with the inflation projections are assessed.

Speech by Svein Gjedrem of Norges Bank, 17 Jun

SPEECH - Gjedrem said in a speech titled 'The Norwegian economy and monetary policy' that the Norwegian economy displays a number of strong features. Government finances are solid and foreign trade is performing well. Household finances are generally…

Speech by Svein Gjedrem, Norges Bank, 11 June

SPEECH - In a speech titled 'Monetary policy and wage growth', Svein Gjedrem, governor of Norges Bank, addresses the general assembly of the Employers' Organisation NAVO, 11 June 2002.

Speech by Svein Gjedrem, Norges Bank, 10 June

SPEECH - Svein Gjedrem, governor of the Norges Bank gave a speech titled 'One year of inflation targeting' at the Norwegian School of Management's Centre for Monetary Economics on 10 June. He discusses Norway's experience of inflation targeting and…

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