Monetary Policy Report 1/09 Governor Svein Gjedrem London, 26 March 2009

The Technical Reporting Committee on Income Settlements (TRC) has estimated overall annual wage growth at 5.4% in 2007. This is approximately in line with the projections

Household debt ratio, debt service ratio and interest burden. Sources: Statistics Norway and Norges Bank.. Rising debt burden across all age groups. Debt to disposable income ratio

Sources: Thomson Reuters, Statistics Norway and Norges Bank Pulp and paper products Aggregated export price index Farmed salmon and

On this basis, the Executive Board discussed the proposal and decided to reduce the interest rate on banks’ sight deposits and D-loans in Norges Bank by 0.5 percentage point to

The Governor informed the Board that the minutes of the meeting between the Ministry of Finance and Norges Bank on 27 January 2004 had now been