Wage restraint could bring rate cuts for Norway

NORWAY - Norway's central bank governor said on Wednesday that demand and activity in Norway's oil-backed economy was still high but that lower wage growth could provide a basis for lower interest rates.

The central bank kept interest rates unchanged at its last executive meeting in early August with analysts saying the balance between a strong domestic economy and global unrest could prompt the bank to keep rates flat for the rest of 2002.

But in a speech Wednesday to the Norwegian United Fed

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