Norway
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 …
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…
Norges Bank Financial Stability Report No.1, 2004
The central bank of Norway, Norges Bank, has published its twice yearly Financial Stability Report 1/2004. "The short-term outlook for financial stability is regarded as satisfactory and has improved somewhat compared with the situation six months ago,"…
Norway holds interest rate unchanged
Norway's central bank, Norges Bank, kept its key interest rate unchanged at their Wednesday meeting at 1.75 percent. Norges Bank maintained its outlook of easing bias suggesting they still believe that the next rate movement will more likely be a cut…
Norway's Gjedrem on global economy
In a speech on 'Monetary policy and cyclical developments' given on 22 April, Svein Gjedrem of Norges Bank said there are clear signs that the global economy has passed the trough. It may take some time before interest rates are increased substantially…
Norway's Gjedrem on inflation targeting
In a speech on 'Flexible inflation targeting' given on 29 March, Svein Gjedrem of Norges Bank said external cyclical developments and events have had considerable implications for developments in the Norwegian economy.
Norges Bank conference on monetary policy
On Friday 26 March, Norges Bank will hold a conference on monetary policy in conjunction with the publication of Norges Bank's Annual Report for 2003.
Norway's Gjedrem on monetary policy & economics
In a speech on 'Monetary policy and the economic outlook' given on 19 March, Svein Gjedrem of Norges Bank said that the upturn has both broadened out and gained momentum in the past months. All sectors report stable or increasing demand and sales. The…
Norway cuts interest rates further
Norges Bank cut its key interest rate on Thursday 11 March by 0.25 per cent to a new record low of 1.75 per cent to spur inflation in the oil-dependent economy. It was the tenth time that Norway has cut its main rate since it was at 7 per cent in…
Norway says no plan to resume forex buying
Norway's central bank reaffirmed on Wednesday it had no plans to resume purchases of foreign exchange for the country's USD 121 billion oil fund.
Gjedrem on economic perspectives
In a speech on 'Economic perspectives' given on 19 February, Svein Gjedrem of Norges Bank said a sharp rise in asset prices and debt accumulation may pose a risk to economic stability. With a view to mitigating this risk, it will be appropriate in some…
Norges Bank's accounts for 2003
Norges Bank's annual accounts for 2003 show a surplus of NOK 20.8 billion, compared with a deficit of NOK 24.1 billion in 2002. Norges Bank said that no transfer will be made to the Treasury from the Transfer Fund.