Norges Bank
Norway's Bergo on cyclical developments
In a speech on 'Monetary policy and cyclical developments' given on 18 October, Jarle Bergo of Norges Bank said in Norway output growth has picked up after a pause in 2003. The interest rate reductions since 2002 have contributed to a turnaround and the…
Norges Bank, Economic Bulletin, October 2004
Norges Bank, the central bank of Norway, published its October 2004 Economic Bulletin on Thursday 7 October. The Bulletin includes the article "Inflation targeting - some theory with main focus on practice" by the Governor of Norges Bank, Svein Gjedrem…
Norway's Gjedrem: Conduct of monetary policy
In a speech on 'The conduct of monetary policy' given on 28 September, Svein Gjedrem of Norges Bank said growth is high in the Norwegian economy and there are prospects of continued strong growth in petroleum investment in 2005. Employment is rising,…
Norway's Gjedrem on monetary policy and the krone
In a speech 'On monetary policy and the krone' given on 7 June, Svein Gjedrem of Norges Bank said that with the current low level of inflation, it is appropriate to be particularly vigilant with regard to developments in consumer prices. However,…
Norges Bank - Annual Report 2003
The central bank of Norway, Norges Bank, has published its Annual Report for the year ended 2003. The international growth outlook deteriorated through the first half of 2003. Developments in the Norwegian economy were also weaker than projected earlier,…
Norway's Gjedrem on inflation targeting
In a speech on 'Inflation targeting - some theory with main focus on practice' given on 8 June, Svein Gjedrem of Norges Bank said Norges Bank placed increasing emphasis on low and stable inflation and a formal inflation target for monetary policy was…
Bergo: The role of interest rate's in the economy
In a speech on 'The role of the interest rate in the economy' given on 19 October, Jarle Bergo of Norges Bank said low real interest rates will in the short term stimulate economic growth and contribute to preventing deflation. Keeping interest rates low…
Gjedrem on developments in the Norwegian economy
In a speech on 'Developments in the Norwegian economy and banks' given on 25 September Svein Gjedrem of Norges Bank said the two-track economy, with high household income growth and problems in the corporate sector, is also reflected in developments in…
Norges Bank comments on key rate reduction
Norges Bank held a press conference on 13 August after its decision to reduce the key rate by 1.0 percentage point. Developments in the Norwegian and international economy since the previous monetary policy meeting have been approximately in line with…
Norway's central bank reduces interest rates
Norges Bank reduced interest rates on Wednesday 13 August by 1 percent to 3 percent, according to a report by Afterposten. This was the sixth time this year that Norway's central bank lowered interest rates.
Norwegian July inflation drop fuels rate cut hopes
Prices fell 0.4% in Norway in the month to July, according to a report by AFP. The drop in inflation fuelled expectations of an interest cut when Norges Bank meets on Wednesday 13 August.
Norges Bank Inflation Report, June 2003
Norway's central bank, Norges Bank, has published its latest Inflation Report for June 2003. The report contains a review of developments in the Norwegian economy and other factors that influence the inflation outlook.
Norges Bank report on the decision-making process
David Longworth, Deputy Governor of the Bank of Canada, and Asbjrn Rdseth, Professor of Economics at the University of Oslo, have evaluated the strategy documents for 2002 and other material submitted to the Norges Bank Board in connection with the…
Norges Bank reduces interest rates by 1 per cent
Norges Bank, the central bank of Norway, cut its main interest rate by 1 per cent to 4 per cent on 25 June.
Norway's c bank makes largest rate cut in 10 years
Norway's central bank cut its main interest rate on Wednesday 25 June by a percentage point, the biggest reduction since 1992, to revive a faltering economy in the world's third largest oil exporter. acording to Bloomberg.
Nordic central banks conclude MoU memorandum
The Governors of the central banks of Denmark, Finland, Iceland, Norway and Sweden signed a Memorandum of Understanding (MoU) on financial crisis management at their meeting of 11 June in Iceland.
Norges Bank - Annual Report 2002
The Norges Bank has published its Annual Report for the year ended 2002.
Norges Bank reduces interest rates
Norway's central bank cut its main interest rate by 0.50 percentage points on Wednesday 30 April, saying that the balance of probability suggested inflation would be lower than the 2.5 target in two years time.
Norges Bank's regional network
In autumn 2002, Norges Bank established a regional network of enterprises, organisations and municipalities throughout Norway. We will have six rounds of talks each year with business and community leaders concerning financial developments in their…
Norges Bank Press Release, 5 Mar
PRESS RELEASE - Norges Bank has decided to reduce the interest rate on banks' deposits with Norges Bank, the sight deposit rate, by 0.50 percentage point with effect from 6 March. The interest rate on banks' overnight loans will also be reduced by 0.50…
Gjedrem on economic perspectives
SPEECH - In the speech 'Economic perspectives' Svein Gjedrem of Norges Bank said in response to heightened uncertainty and fears of war, traditional safe havens for capital, such as the Swiss franc and gold, have become increasingly attractive. Gold…
Norges Bank's accounts for 2002
PRESS RELEASE - Norges Bank's annual accounts for 2002, released 20 February, show a deficit of NOK 24.1 billion, compared with a deficit of NOK 4.7 billion in 2001. No transfer will be made to the Treasury from the Transfer Fund.
Jarle Bergo on monetary policy in Norway
SPEECH - Jarle Bergo, Deputy Governor of Norges Bank, speaks about the role of monetary policy within Norway's economic policy. The speech was given at the Confederation of Vocational Unions on 7 February 2003.
Norges Bank Press Release
PRESS RELEASE - Norges Bank reduces interest rates, 22 January.