OUTLOOK FOR THE NORWEGIAN ECONOMY

Norges Bank has recently published Monetary Policy Report 3/2009 (link) and a comprehensive list of figures and charts including major macroeconomic trends in Norway and abroad (link). Time series on unit labor cost, output gap and other macroeconomic indicators are interesting to observe, especially because Norges Bank has been the first central bank in Europe to announce a targeted increase in interest rate to mitigate midterm inflationary outlook. Here (link) is a closer look at NIBOR and monthly interest rate dynamics in Norway (link).