Speech by Svein Gjedrem of Norway's central bank

SPEECH - Speech by Central Bank of Norway Governor Svein Gjedrem at The Norwegian School of Management's Centre for Monetary Economics, 7 June.

Extract from the speech.

The long-term objective of monetary policy is to contribute to low and stable inflation. Price stability is the best contribution monetary policy can make to economic growth and prosperity. A nominal anchor is also a necessary precondition for stable financial markets and property markets. We cannot achieve higher employment in the

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