Norway
Norges Bank's foreign exchange purchases
Norges Bank said on Monday 31 January that it will not purchase foreign exchange for the Government Petroleum Fund in February.
Norway's Gjedrem: 'Monetary policy is functioning'
In an article published by Aftenposten on 3 January, Norges Bank governor Svein Gjedrem said the Norwegian economy is growing at a solid pace, and there are prospects that growth will remain high in the year ahead.
Norges Bank's December Economic Bulletin
The December issue of Norges Bank's Economic Bulletin includes articles on benchmark rates in the long-term bond market, credit risk models and managing financial crises.
Norges Bank keeps interest rate unchanged at 1.75%
Norges Bank's Executive Board decided on Wednesday 15 December to leave interest rates unchanged at 1.75 per cent. The Executive Board said in a press release it did not see any clear alternatives to leaving the interest rate unchanged.
Norges Bank Financial Stability Report No.2, 2004
The central bank of Norway, Norges Bank, has published its twice yearly Financial Stability Report 2/2004. "The short-term outlook for financial stability is regarded as satisfactory and somewhat improved compared with the situation six months ago," said…
Norway's Bergo on oil prices & developments
In a e speech on 'Oil prices, cyclical developments and monetary policy' given on 12 November, Jarle Bergo of Norges Bank said that high oil prices so far have had a limited impact on the domestic economy and would not significantly affect the balance in…
Bergo on cyclical developments and monetary policy
In a speech on 'Cyclical developments and monetary policy' given on 10 November, Jarle Bergo of Norges Bank said reports from Norges Bank's regional network confirm the picture of an expanding economy.
Norway's buffer against rising oil prices
High oil and gas prices mean that Norway is running a sizable current account surplus for 2004, which could put upward pressure on the exchange rate. Last Friday, Jarle Bergo, a deputy governor at the Norges Bank, explained how this could affect Norway's…
Norway's Gjedrem appointed to second term
Norges Bank governor Svein Gjedrem was appointed to a second term on Friday 29 October. Press reports described the move as a vote of confidence for his management policies.
Norges Bank Inflation Report, November 2004
Norway's central bank, Norges Bank, has published its latest Inflation Report for November 2004. The report said the effects of high oil prices on the Norwegian economy are mixed. Lower external demand will have a negative impact on some Norwegian…
Norway's central bank leaves key rate unchanged
Norway's central bank announced Wednesday 3 November that its key interest rate would remain unchanged at a record low 1.75 per cent.
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 book on Historical Monetary Statistics
Norges Bank has collected and systematised historical data of relevance to price stability and financial stability, the two main areas of responsibility for central banks. This historical data has been documented in Norges Bank Occasional Papers No. 35 …
IMF assesses financial stability in Norway
A delegation from the IMF is currently visiting Norwegian authorities and financial market participants to gather information about the Norwegian financial system.
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,…
Norges Bank keeps interest rates unchanged
Norges Bank's Executive Board decided on Wednesday 23 September to leave interest rates unchanged. Norges Bank's key interest rate, the sight deposit rate, therefore remains at 1.75 per cent. The overnight lending rate also remains unchanged.
Norway's Gjedrem on monetary policy and the krone
In a speech on 'Monetary policy and the krone exchange rate' given on 26 Augus,t Svein Gjedrem of Norges Bank said growth in the Norwegian economy is projected to pick up markedly this year and remain relatively high next year.
Norway leaves interest rates unchanged
Norway's central bank said on Wednesday 11 August that key interest rates may stay low for longer than it had forecast after keeping its key deposit rate unchanged at 1.75 percent.
Norges Bank Inflation Report, July 2004
Norway's central bank, Norges Bank, has published its latest Inflation Report for July 2004. The report says inflation is low and since the March Inflation Report, it has moved in line with projections. Inflation is being restrained by the appreciation…
The Norwegian Banking Crisis
It has been ten years since the Norwegian banking crisis ended. This publication considers the crisis in retrospect and provides a comprehensive, but reasonably compact description in English of the Norwegian banking crisis. It contains six chapters and…
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,…
Norges Bank Historical Monetary Stats workshop
On Friday 11 June Norges Bank arranged a seminar in connection with the publication of an Occasional Paper on historical monetary statistics. The speakers included Jan F. Qvigstad, Director, Norges Bank, Forrest Capie, professor at City University …