Jan Qvigstad, the deputy governor the Norges Bank, on Tuesday said the popular rate setting framework for monetary policy, where decisions are made independently by a group, does not always produce the best decisions.

Speaking at an event in Drammensveien, Norway, Qvigstad said: "The decision-making strategy, where each individual in a group gives an answer independently of the others, can function well for some types of decisions. But there may also be advantages to allowing the group to arrive