Norway's Gjedrem on economic perspectives

In his annual address 'Economic perspectives' given on 17 February, Svein Gjedrem of Norges Bank said Norway can gradually raise interest rates from historic lows because economic growth looks increasingly self-sustaining and stubbornly low inflation has begun to pick up.

"It may appear that growth in the Norwegian economy has become more self-sustaining. Capacity utilization is close to normal and rising," Gjedrem said in his annual speech. "After a period, the interest rate can then gradually

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