Norway's Bergo on monetary policy

In the speech 'Monetary policy and the cyclical situation' given on 23 November Jarle Bergo of Norges Bank said developments ahead are uncertain and the Norwegian economy may be exposed to shocks.

"Uncertainty with regard to financial stability in the longer term is mainly related to the historically high household debt burden and to changes in asset prices. Long periods of a sharp rise in debt, asset prices and investments may give rise to instability and problems in the financial system at a

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