Interest rates can only dampen systemic risk: Norway’s Olsen


Øystein Olsen, the governor of the Norges Bank, on Thursday examined whether there was a case for using interest rates to prevent a build-up of systemic risk in the financial system.

At the Finance Norway conference, Olsen said: "Higher interest rates can curb the rise in both debt and house prices during an economic upturn. But systemic risk will depend on both the vulnerabilities that accumulate internally in the banking system and the sources of risk outside the banking system. The interest

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

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 individual account