IMF sees limits to Norway ‘leaning against the wind’

oeystein-olsen-norges
Øystein Olsen

Norway ought to focus on macro-prudential tools as the primary method of tackling financial instability and not expect monetary policy to take on the role, the IMF said on May 28, at the conclusion of its Article IV consultation with the country.

"Financial stability concerns need to be addressed primarily through macro-prudential policy as a single policy rate cannot achieve multiple objectives," the IMF said.

Norges Bank explicitly uses its monetary policy to 'lean against the wind', resisting

To continue reading...

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 indvidual account here: