Ingen endringer for Norges Banks mandat
Lav og stabil prisvekst blir fortsatt hovedoppgaven.
The Norwegian government has announced that it will review the mandate of the central bank, known as Norges Bank, in 2025. The central bank's mandate is responsible for maintaining stable prices and a stable economy. The government's decision follows a thorough process, according to Finance Minister Jens Stoltenberg. The main objective of monetary policy, as stated in the mandate, remains to ensure low and stable inflation.
The goal is to achieve around 2% annual price growth over time. The central bank will also be able to consider factors such as employment, production levels, and the prevention of financial imbalances. The central bank's governor, Ida Wolden Bache, emphasized that the mandate will not alter the bank's operational methods. The labor union LO was among the main advocates for reviewing the mandate, arguing that the bank places too much emphasis on price growth without considering employment.
The mandate evaluation came after several years of rising interest rates due to the pandemic and energy crisis. The interest rate was last raised to 4.25% in May. Central bankers have indicated that it may be appropriate to raise rates further this year. Economists suggest that an increase is increasingly likely during the September meeting.
Written by urgent.news from E24 Norway's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
