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.

The OECD said in an economic survey of Norway that under no circumstances should it relax its current fiscal scheme of limited spending and said a tighter fiscal rule might be needed.

"Labor shortages have led to strong wage increases, so that interest rates will need to st