Expectations matter for interest rates: Norway’s Olsen

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Øystein Olsen, governor of the Norges Bank, on Monday said interest rate movements should be carefully considered within the environment to which they are applied.

At the Centre for Monetary Economics Norwegian School of Management, Olsen said: "If the interest rate is raised today in response to an unexpected change in price and cost inflation, a fall in capacity utilisation must be expected. However, if the interest rate is increased in response to an unexpected pickup in demand for goods and

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