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Norges Bank Governor Bache says will ensure that inflation is brought back to 2%, inflation increased in January and was higher than they expected; we do not make any promises about the policy rate

Norges Bank's Governor Bache's comments indicate a commitment to controlling inflation, which rose unexpectedly in January.

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Norges Bank Governor Bache says will ensure that inflation is brought back to 2%, inflation increased in January and was higher than they expected; we do not make any promises about the policy rate

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  • Norges Bank will start publishing minutes of its meetings; 
Context

The introduction of meeting minutes suggests increased transparency, although the statement about not promising changes to the policy rate leaves some uncertainty about the central bank's next moves. This could influence market expectations regarding the path of interest rates and overall monetary policy stance in the region.

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