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MNI BRIEF: Norges Bank Head Says Can Soon Ease Policy A Little

Governor Ida Wolden Bache on policy easing in her annual address

MNI (LONDON) - Norges Bank Governor Ida Wolden Bache downplayed the likely extent of rate cuts in her annual address, with the Norwegian central bank yet to start the easing cycle.

"The job of bringing inflation down is not finished," Wolden Bache said adding that there was some room to ease, but policy needed to remain restrictive. Nevertheless, in a speech that centred on the openness of the Norwegian economy, she said its interest rate level "cannot over time differ significantly from the level among our trading partners."

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MNI (LONDON) - Norges Bank Governor Ida Wolden Bache downplayed the likely extent of rate cuts in her annual address, with the Norwegian central bank yet to start the easing cycle.

"The job of bringing inflation down is not finished," Wolden Bache said adding that there was some room to ease, but policy needed to remain restrictive. Nevertheless, in a speech that centred on the openness of the Norwegian economy, she said its interest rate level "cannot over time differ significantly from the level among our trading partners."

Keep reading...Show less