Oil Risk Blows Up Inflation Goal as Norway Targets Krone
- Norges Bank signals rate cuts as inflation above 2.5% target
- Ignoring mandate makes bank unpredictable, Commerzbank says
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Has Norwegian central bank Governor Oeystein Olsen thrown away his inflation target?
That’s what analysts were wondering Thursday after he unexpectedly cut interest rates to a record low and signaled further easing, even as he predicted faster inflation.