Head of Statistics Norway, Øystein Olsen (58) has been appointed new Governor of the Central Bank of Norway (Norges Bank), replacing Svein Gjedrem who has served two periods.
Olsen has been appointed for a 6 year period, and will take office on 1 January 2011.
Øystein Olsen is an economist, and graduated from the University of Oslo in 1977.
Olsen was Managing Director for Statistics Norway from January 2005, and has also led the economy section of the Department of Finance. He has also done research at the University of California at Berkeley.
Announcing the appointment, Finance Minister Sigbjørn Johnsen said:
- With Øystein Olsen as new Central Bank Governor we have a particularly competent head of Norges Bank. I know Olsen as a well-informed economist with broad insight, and I am sure he will do a good job as Central Bank Governor, Finance Minister Johnsen said.
(NRK/Press release)
The Executive Board of the Norwegian Central Bank (Norges Bank) has decided to keep the key policy rate unchanged at 1.5 percent. (Photo Norges Bank Deputy Governor Jan Qvigstad)
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The Executive Board of the Norwegian Central Bank (Norges Bank) has decided to keep the key policy rate unchanged, at 1.5 per cent. The record low key policy rate has remained unchanged since March 14th last year.
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In his annual speech, outlining economic perspectives, the Governor of the Norwegian Central Bank, Øystein Olsen called for a more resilient banking sector in Norway.
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As expected by most analysts, the Norwegian Central Bank (Norges Bank)'s Executive Board has decided to keep the key policy rate unchanged at 1.5 percent.
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As predicted by most analysts, the Norwegian Central Bank's Executive Board decided to keep the key policy rate unchanged at 1.5 percent.
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Norway is bekoming more and more dependent on imported labour, Aftenposten writes. At the end of 2009 there were nearly 326,000 foreign workers in Norway.
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At its meeting on Wednesday, the Executive Board of the Norwegian Central Bank (Norges Bank) decided to keep the key policy rate unchanged at 2 per cent.
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