Pål Longva, Deputy Governor of Norges Bank, spoke at the presentation of the annual Norges Bank Watch Report in Oslo on February 27, 2025. This report, commissioned by the Ministry of Finance, features a committee of independent economists who assess the central bank’s monetary policy.

Longva underscored the significance of external evaluations in improving the transparency and effectiveness of monetary policy. He pointed out key focus areas for the bank, including:

• Consideration of international economic trends
• Communication of uncertainty in policy decisions
• Trade-offs involved in formulating monetary policy

The findings from the Norges Bank Watch Report are anticipated to guide future policy directions and enhance the central bank’s ability to respond to changing economic conditions.

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