Time to Gradually Start Raising Rates, Says Norges Bank Governor

The transcript discusses Norway's monetary policy, the role of its sovereign wealth fund, and the country's economic recovery from the pandemic. It highlights the measured approach of Norges Bank in balancing profitability and economic activity. The discussion also covers asset allocation, interest rates, inflation, and financial stability, emphasizing the challenges and strategies in managing Norway's economy.

What is the primary goal of Norway's monetary policy as discussed in the first section?

• To ignore unemployment rates

• To focus solely on profitability

• To maintain a balanced approach for economic stability

• To aggressively increase interest rates

How has Norway's economy been affected by the pandemic compared to other countries?

• It has fared better in terms of health and economic outcomes

• It has experienced a complete economic collapse

• It has suffered more than most countries

• It has remained unaffected

What was the performance of Norway's sovereign wealth fund during 2020?

• It experienced significant losses

• It remained stagnant

• It achieved positive returns despite initial market downturns

• It was completely liquidated

What role does the sovereign wealth fund play in Norway's fiscal policy?

• It acts as a buffer for fiscal policy

• It is solely for international investments

• It is not related to fiscal policy

• It is used to fund military operations

What is a concern for Norway's economy when considering raising interest rates?

• Strong economic growth

• High household debt and rising property prices

• Lack of economic activity

• High inflation rates

Why is there no immediate pressure to raise interest rates in Norway?

• Because the economy is shrinking

• Because unemployment is increasing

• Because inflation is running high

• Because there is no significant inflationary pressure

What has been the trend in housing prices in Norway during the pandemic?

• They have remained stable

• They have fluctuated wildly

• They have decreased significantly

• They have increased