Last quote by Oeystein Olsen
A further escalation of spending from today's levels would be a daring move, even if the fund itself were to grow. Fiscal policy must be decoupled from financial assets subject to considerable volatility ... The period of rising government spending of petroleum revenues should now be over. Yes. That's a reasonable interpretation. The rule is no longer as appropriate as it once was in guiding long-term policy.
Feb 16 2017
Oeystein Olsen has been quoted 9 times. The two most recent articles where Oeystein Olsen has been quoted are Norway's currency weaker than expected -central bank chief and Norway's central bank chief says chance of rate cut still greater than hike. Most recently, Oeystein Olsen was quoted as having said, “Compared to our forecasts the crown has been a bit weaker. For a while the oil price was rising without having an impact on the crown, so yes, it's so far been a bit weaker than expected.”.
Quotes by Oeystein Olsen
Jan 05 2017
Compared to our forecasts the crown has been a bit weaker. For a while the oil price was rising without having an impact on the crown, so yes, it's so far been a bit weaker than expected.
Dec 28 2016
There's still a somewhat higher probability of a rate cut than of an increase. Even negative rates are a possibility in case the Norwegian economy were to face large new disruptions.
Nov 09 2016
No, we don't make that sort of connection. The oil fund is a long-term investor. Our perspective goes beyond eight years and we don't have any particular view on how the outcome of the presidential election impacts the economy.
Nov 01 2016
As a result of Brexit there are new challenges for Britain, politically but also in the economic area … Looking forward I choose to be optimistic on behalf of the British economy, but there are a number of matters that need to be arranged.
Oct 11 2016
Over the past year, Norges Bank has therefore reacted somewhat less to new information, whether the information has pulled in the direction of a lower or a higher policy rate, than it would have done in a more normal situation. It has been appropriate to proceed with caution.
Oct 11 2016
The policy rate in Norway has come down to a low level, approaching a lower bound. This has increased the uncertainty about the effect of monetary policy.
Jun 23 2016
Should the Norwegian economy be exposed to new major shocks, the Executive Board will not exclude the possibility that the key policy rate may turn negative.
Mar 17 2016
Should the Norwegian economy be exposed to further shocks, the possibility of negative rates could not be excluded.