Norway
Norges Bank Inflation Report, October 2003
Norway's central bank, Norges Bank, has published its latest Inflation Report for October 2003. The report contains a review of developments in the Norwegian economy and other factors that influence the inflation outlook.
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…
Bergo on monetary policy and business cycles
In a speech on 'Monetary policy and business cycles' given on 25 September, Jarle Bergo of Norges Bank said since December last year, monetary policy has been eased to a greater extent and more rapidly than has been customary. Following this phase of…
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's rate cut
Norges Bank said at a press conference on 17 September that underlying consumer price inflation is low, with a year-on-year rise in the CPI-ATE of 0.9 per cent in August. The rise in prices for imported consumer goods is pushing down inflation, the press…
Norway's interest rates lowered again
Norges Bank cut interest rates by 0.5% to 2.5% on Wednesday, according to Aftenposten. Central bank governor Svein Gjedrem said that with an interest rate of 2.50 per cent, Norges Bank's assessment is that the probability that inflation two years ahead…
Norges Bank statement on interest rate cut
Statement from Norges Bank, the central bank of Norway, on its decision to reduce the sight deposit rate, by 0.5 percentage point to 2.50 per cent, with effect from 18 September.
NOK 500,000 stolen from Norway's central bank
Over NOK 500,000 has been stolen from a vault in Norges Bank, the central bank of Norway, according to the Norway Post. Police investigating the theft have questioned a number of employees who had access to the vault.
Gjedrem: Monetary policy & the economic situation
In the speech 'Monetary policy and the economic situation' given on 2 September Svein Gjedrem of Norges Bank said that even with current interest rates at 3 percent, it remains more probable that inflation over the next two years will be lower than 2.5…
Norway's central bank may cut rates again
Bank of Norway chief Svein Gjedrem repeated Tuesday that inflation is likely to be below 2.5 percent over the next two years leading to speculation that Norges Bank may continue its recent series of interest rate cuts, Aftenposten reported.
Interest rates, inflation, exchange rate in Norway
Article by Deputy Governor of Norges Bank, Jarle Bergo, published in Dagsavisen 24 August. Bergo says in "Interest rates, inflation and the exchange rate" that the underlying rise in prices has slowed markedly. In July, the year-on-year rise in consumer…
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 Financial Stability Report No.1, 2003
The Central Bank of Norway, Norges Bank, has published its twice yearly Financial Stability Report 1/2003. In the report the bank said the outlook for financial stability is considered to be satisfactory, but somewhat weaker than six months ago.
Gjedrem on policy response to the economic outlook
In a speech on 'The monetary policy response to the economic outlook' Svein Gjedrem of Norges Bank said the last interest rate reduction reflected expectations of low inflation as a result of the strong krone and low international price inflation with…
Norway's plans to sell Royal Mint stir up storm
Norway's central bank has said that by 2007 it will not be economically feasible to print notes and mint coins in the country, according to Aftenposten, but the move has caused controversy with many saying that printing notes and coins has "symbolic…
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.