Norway's Gjedrem on economic perspectives

In the speech 'Economic perspectives' given on 16 February Svein Gjedrem of Norges Bank said the Norwegian interest rate should be gradually - in small, not too frequent steps - brought up to a more normal level.

Gjedrem said that although the outlook for Norwegian economy is good, there are uncertainties.

The outlook for the Norwegian economy is favourable. Output has picked up, although so far not to such a degree that there are visible signs of inflation. As long as the rise in prices is slow

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