Norges Bank’s Olsen says inflation targeting is 'more flexible'

oeystein-olsen-norges

The Norges Bank Governor Øystein Olsen said inflation targeting in Norway has become "more flexible", in a speech on November 19.

Speaking at the European Central Bank in Frankfurt, Olsen said low and stable inflation remains the central bank's primary objective, but it also considers a range of other factors when setting monetary policy.

These include the impact of the interest rate on output and employment, he said. The central bank also considers the risk that a prolonged period of low

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