Norges Bank’s Olsen Says Very Expansionary Policy Still Needed

The transcript discusses the impact of the pandemic on monetary policy, highlighting the need for an expansionary approach. It examines the Norwegian krone's performance against the US dollar, influenced by oil prices and global economic conditions. The discussion also covers currency intervention measures taken by Norway's central bank to stabilize the market.

What is the significance of the vaccine availability mentioned in the context of economic recovery?

What are the implications of being a small open economy as described in the text?

How has the central bank responded to the economic challenges posed by the pandemic?