Olsen (Norges Bank)


Olsen delivered a speech following the Norges Bank decision that caused a surge on NOK, and opened a dooor for a rate cut in H1 2016, crucial statements:

  • Board did not consider a rate cut today
  • Need to be careful going forward with rate setting
  • Rate could be cut in H1 2016
  • We still have room to maneuver in monetary policy
  • We are well prepared for any event in future
  • It’s important to evaluate role of monetary policy
  • We have responded markedly