Norway

Norges Bank keeps interest rates unchanged

NORWAY - Norway's central bank kept interest rates on hold at an executive board meeting on Wednesday but switched to a neutral bias for rates, reflecting dwindling inflationary pressures in the oil-backed economy.

OECD backs Norway's central bank policy

NORWAY - The Organization of Economic Cooperation and Development (OECD) urged Norway on Friday to resist the temptation of spending any more of its vast oil revenues and leave interest rates high to keep inflation in check.

Speech by Svein Gjedrem of Norges Bank, 21 Aug

SPEECH - On Wednesday Gjedrem said in a speech titled 'Monetary policy in an oil economy' that lower wage growth would boost earnings and employment. In addition, interest rates could be reduced. He added that activity in the Norwegian economy as a whole…

No interest rate change in Norway

NORWAY - Norway's central bank kept key interest rates on hold on Wednesday, as expected by analysts, with inflationary pressures in Norway's oil-backed economy offset by an international slowdown.

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.

Speech by Svein Gjedrem of Norges Bank, 17 Jun

SPEECH - Gjedrem said in a speech titled 'The Norwegian economy and monetary policy' that the Norwegian economy displays a number of strong features. Government finances are solid and foreign trade is performing well. Household finances are generally…

Speech by Svein Gjedrem, Norges Bank, 11 June

SPEECH - In a speech titled 'Monetary policy and wage growth', Svein Gjedrem, governor of Norges Bank, addresses the general assembly of the Employers' Organisation NAVO, 11 June 2002.

Speech by Svein Gjedrem, Norges Bank, 10 June

SPEECH - Svein Gjedrem, governor of the Norges Bank gave a speech titled 'One year of inflation targeting' at the Norwegian School of Management's Centre for Monetary Economics on 10 June. He discusses Norway's experience of inflation targeting and…

Norges Bank keeps interest rates unchanged

NORWAY - Interest rates were left unchanged at Norges Bank's Executive Board meeting on 22 May. Norges Bank's key interest rate, the sight deposit rate, remains at 6.5%.

Speech by Jarle Bergo of Norges Bank, 25 Apr

SPEECH - In a speech titled 'Oil - natural resource and financial asset' Bergo asks the question "Is an abundance of natural resources really an advantage?" and says that developing countries whose most important export is oil have generally recorded…

Speech by Svein Gjedrem of Norges Bank, 5 Apr

SPEECH - Gjedrem said in the speech titled 'Monetary policy and the outlook for the Norwegian economy' that high credit growth posed a risk to the Norwegian oil-backed economy. "The debt level in the households is increasing sharply," he said at a…

Speech by Svein Gjedrem of Norges Bank, 21 Mar

SPEECH - In the speech titled 'The economic situation in Norway' Gjedrem reiterated that the oil-backed economy was likely to escape a global downturn saying that "the effects of the global downturn on the activity level in Norway have been limited".

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