Norway Is Ready for Higher Rates, Central Bank Governor Says

The transcript discusses Norway's economic recovery and the first interest rate hike in seven years. Governor Øystein Olsen explains the country's readiness for this change, citing solid economic growth, low unemployment, and rising wages. The discussion highlights a cautious approach to future rate increases, considering international economic conditions and potential currency appreciation. The conversation also touches on the differences between Norway's and the European Union's economic situations, emphasizing Norway's unique position due to its oil dependency and smaller economy.

What is the governor's stance on the gradual increase of interest rates?

How does the governor describe the relationship between Norway's economy and the European Union?

What factors contribute to Norway's economic growth according to the governor?