Norveška centralna banka (Norwegian Central Bank)

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Norveška centralna banka povećala kamatnu stopu za 0.25 procentnih poena na 2.5%. Operativni cilj je inflacija od blizu 2% tokom vremena kako bi se podstakla zaposlenost i promovisala ekonomska stabilnost. Brzi i neočekivani porast cena (i odatle visoka inflacija) slabi kupovnu moć domaćinstava i ometa donošenje ekonomskih odluka i za firme i za domaćinstva. U Komitetu veruju da je potrebna viša referentna stopa da bi se obuzdala inflacija, pa balansiraju između rizika od prevelikog pooštravanja i rizika od premalog pooštravanja. Ukoliko ne sprovedu mere koje će pooštriti monetarnu politiku u dovoljnoj meri, postoji rizik da se inflacija učvrsti na visokom nivou što bi kasnije uzrokovalo još veće podizanje referentne stope (da bi smanjili inflaciju). S druge strane, inicijalno veći porast referentne kamatne stope može usporiti ekonomiju više nego što je potrebno, što može biti velika pretnja u srednjem roku.

Rate decision november 2022


The Norwegian central bank increased the interest rate by 0.25 percentage points to 2.5%. The operational target is inflation of close to 2% over time to boost employment and promote economic stability. A rapid and unexpected rise in prices (and hence high inflation) weakens the purchasing power of households and hinders economic decision-making for both firms and households. The Committee believes that a higher reference rate is needed to curb inflation, so they balance the risk of too much tightening with the risk of too little tightening. If they do not implement measures that will tighten the monetary policy to a sufficient extent, there is a risk that inflation will be fixed at a high level, which would later cause an even higher increase in the reference rate (to reduce inflation). On the other hand, an initially larger increase in the reference interest rate may slow down the economy more than necessary, which may be a major threat in the medium term.