Strate gy Document 1/03 Monetary policy in the period 5 March to 25 June 2003

Monetary policy easing since 2002 and low real interest rates have contributed to this (see Chart 3.2). The upturn in the Norwegian economy has been marked by strong growth

When wage growth reaches a level that is inconsistent with the inflation target, the result over time will be higher interest rates, lower employment and higher unemployment..

Steep increases in public sector allocations, growth in private consumption and strong growth in labour costs fuel high price inflation for goods and services produced in

Although, particularly early in the 1920s, the cleanliness of the Cana- dian milk supply was uneven, public health professionals, the dairy indus- try, and the Federal Department

Whether it was the health college, the medicinal agency, the medicinal office or, later, the offices of the county public health officers and the National Board of Health,

When wage growth reaches a level that is inconsistent with the inflation target, the result will be higher interest rates, lower employment and higher unemployment.. Similarly,

This may exert downward pressure on inflation through smaller margins (see Chart 2 and Table 1). Market interest rate and exchange rate expectations There are expectations of

With an interest rate path ahead in line with the forward interest rate and a weaker krone in line with the forward exchange rate, there are now prospects that inflation will move