Gjedrem: Monetary policy & the economic situation

In the speech 'Monetary policy and the economic situation' given on 2 September Svein Gjedrem of Norges Bank said that even with current interest rates at 3 percent, it remains more probable that inflation over the next two years will be lower than 2.5 percent than higher. Growth in the economy stalled last winter making it appropriate to reduce interest rates markedly.

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Speech by Mr. Svein Gjedrem, Governor of

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