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Norges Bank

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.

Norges Bank Press Conference

PRESS CONFERENCE - Norges Bank's Executive Board decided today to reduce the key rate, the sight deposit rate, by 0.5 percentage point with effect from Thursday, 23 January.

Bergo on challenges facing the Norwegian economy

SPEECH - In the speech 'Challenges facing the Norwegian economy' Jarle Bergo of Norges Bank said it should be possible for us to live well with petroleum, but it will require our addressing a number of challenges. The varying inflow of revenues must be…

Norges Bank Financial Stability Report No.2, 2002

REPORT - The Central Bank of Norway, Norges Bank, published its twice yearly Financial Stability Report 2/2002 on 28 November. Central Bank Governor Svein Gjedrem, said when Norges Bank presented the report that the outlook for financial stability in…

Bergo on monetary policy and economic cycles

SPEECH - In the speech 'Oil revenues, monetary policy and economic cycles' Jarle Bergo of Norges Bank said GDP growth is likely to pick up but will remain below the growth potential next year and that the interest rate increase in July has resulted in…

New mandates for management of equity portfolios

PRESS RELEASE - Norges Bank Investment Management is today announcing new external active mandates for the Government Petroleum Fund. The new mandates are within the consumer staples, consumer cyclicals, media and services sectors, 12 November.

Gjedrem on monetary policy in Norway

SPEECH - In the speech 'Monetary policy in Norway' made on 17 October, Svein Gjedrem of Norges Bank said with the free flow of capital, deep capital markets and the phasing in of petroleum revenues into the Norwegian economy, inflation targeting is the…

Bergo on assessing financial stability

SPEECH - In the speech 'Using Financial Soundness Indicators to Assess Financial Stability' made on 17 September, Jarle Bergo of Norges Bank said Norges Bank's Financial Stability Reports provide a suitable framework for dialogue with the financial…

Speech by Svein Gjedrem of Norges Bank, 20 Sep

SPEECH - Gjedrem said in the speech titled 'Current monetary policy issues' that together with prospects for low inflation internationally, the strong krone is the most important force acting as a counterweight to the sharp rise in domestic costs.

Speech by Svein Gjedrem of Norges Bank, 19 Sep

SPEECH - Gjedrem said in the speech titled 'Economic policy challenges' that monetary policy functions with considerable and variable lags. Therefore, the current level of inflation does not provide an adequate basis for determining the level at which…

Speech by Hermann Remsperger, Bundesbank, 23 Sep

SPEECH - In the speech titled 'Economic outlook and economic policy challenges for Germany' Remsperger said the planned enlargement of the European Union is certainly a challenge. The negotiations which are currently being conducted with 12 countries,…

Speech by Jarle Bergo of Norges Bank, 5 Sep

SPEECH - Bergo said in the speech titled 'Monetary policy, cyclical fluctuations and competitiveness' that through a sound, credible orientation of monetary policy, it is possible to attain an inflation rate that on average is equal to the targeted…

Norges Bank's Inflation Report 2, 2002

REPORT - The Inflation Report discusses developments in the Norwegian economy and other factors that influence the inflation outlook. In addition, the balance of risks and uncertainty associated with the inflation projections are assessed.

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