Norges Bank's Olsen defends ‘leaning against the wind' policy

oeystein-olsen-norges
Norges Bank governor Øystein Olsen

While banking regulation and supervision must be the first line of defence against shocks to the financial system, "we cannot proceed under the assumption that new regulations will eliminate the risk of financial stress," Norges Bank governor Øystein Olsen said today during a speech in Oslo.

"In Norway, inflation has on average been somewhat below, but close to, 2.5% in recent years. Activity has been close to a normal level and unemployment has remained low," Olsen said. "At the same time

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.