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Norway Lawmakers Oppose Shift in Inflation Target

  • Key lawmakers say it will still be up to government to decide
  • Inflation target was lowered in March to 2% from 2.5%
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Confusion ensued after a Norwegian parliamentary committee voiced its opposition to the Finance Ministry’s decision to lower the central bank’s inflation target.

The Christian Democrats joined the center-left opposition in the Finance Committee to ask the government to look at its decision again. Kjell Ingolf Ropstad, a lawmaker for the Christian Democrats, softened the significance of the vote, telling newspaper Dagens Naringsliv that while parliament has given its opinion, the final say is with the government.