Interest rates, inflation, exchange rate in Norway

Article by Deputy Governor of Norges Bank, Jarle Bergo, published in Dagsavisen 24 August. Bergo says in "Interest rates, inflation and the exchange rate" that the underlying rise in prices has slowed markedly. In July, the year-on-year rise in consumer prices adjusted for tax changes and excluding energy products (CPI-ATE) was 0.7 per cent, which is markedly lower than the inflation target.

Source: Norges Bank

Norges Bank reduced its key rate to 3 per cent at its meeting on 13 August. Since De

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