Norges Bank's Olsen: Rate Path Now Relatively Flat

The video discusses the uncertainties in forecasting interest rates, emphasizing a relatively flat path at 0.5%. It highlights the importance of the currency channel in achieving monetary policy goals without specific currency targets. The housing market's influence on rate decisions is acknowledged, though not directly within the mandate. Observations of the money market spread are noted, with no concrete measures yet implemented.

What are the uncertainties mentioned regarding forecasts in monetary policy?

How does the current interest rate level compare to previous levels according to the text?

What is the target of the monetary policy as described in the text?

What factors are considered when setting the target rate according to the speaker?

What challenges are faced in the money market as mentioned in the text?