Norges Bank to introduce 2.5% inflation target

NORWAY - Norway's government on Mar 29, 2001 introduced a 2.5% inflation target for the country's central bank, dropping a target of keeping the crown stable against the euro.

The Norges Bank welcomed the move, saying in a press statement on its website "that the communication of Norwegian monetary policy may be facilitated with the government now quantifying an inflation target, in line with international practice."

Analysts said the decision would give Norway's central bank more leeway to cu