Norway's Gjedrem on inflation targeting

In the speech 'Experiences with inflation targeting in Norway and other countries' given on 7 June Svein Gjedrem of Norges Bank said in light of the experiences of different countries in the last 10-15 years, he is confident that flexible inflation targeting provides a sound framework for achieving price stability.

"In Norway, we have flexible inflation targeting. We have chosen to incorporate assessments of financial stability in the interest rate decisions. This is primarily because

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