News Brief: IMF Welcomes Norway's Adoption of Inflation Targeting

March 30, 2001

IMF Deputy Managing Director Shigemitsu Sugisaki said today:

"The IMF welcomes the Norwegian authorities' announcement on March 29, 2001 of the adoption of inflation targeting framework as an anchor for monetary policy. As noted in the most recent staff appraisal of the Norwegian economy, an explicit recognition of low and stable inflation as the main objective of monetary policy will enhance transparency and credibility of the policy regime and thereby contribute to long-term economic stability."1

1 For the staff papers for the 2000 Article IV Consultation with Norway and the Executive Board Assessment, see:


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