Economic Bulletin articles from June 1999

Economic Bulletin archives from June 1999

PROJECTIONS AND EXPECTATIONS.(Brief Article)
June 1, 1999... Norges Bank has announced that in future the Bank will normally make an extensive evaluation of monetary policy once a month. The Bank has published the dates for the Executive Board's main monetary policy meetings. The Bank will, as far as...

INFLATION REPORT.(Statistical Data Included)
June 1, 1999... 1 SUMMARY Norges Bank projects that consumer price inflation will gradually slow and in the course of next year approach the inflation rate aimed at by the euro area. The annual rise in consumer prices is projected at 2 1/4% in 1999, 2% in...

FINANCIAL MARKETS AND NORGES BANK'S OPERATIONS(1).(Statistical Data Included)
June 1, 1999... 1 SUMMARY The central banks of Sweden, the UK, Denmark and Canada and the ECB have lowered their key rates since the March Economic Bulletin. The ECB lowered its repo rate by 50 basis points to 2.5%. The euro has weakened by close to 7%...

FINANCIAL SECTOR OUTLOOK.
June 1, 1999... 1 SUMMARY Last year's interest rate increases and financial turbulence contributed to reversing a trend with sharply rising debt and growing imbalances in the financial system. Credit growth has tapered off over the past year, and banks...

NEW 500-KRONE BANKNOTE.(Brief Article)
June 1, 1999... A new 500-krone banknote was presented at a press conference at Norges Bank on 2 June 1999. The note was put into circulation on 7 June and is the fourth denomination to be issued as part of the Series VII Norwegian banknotes. The obverse,...

THE 20-KRONE COMMEMORATIVE COIN DESCRIPTION AND TECHNICAL DATA.
June 1, 1999... A 20-krone commemorative coin has been minted to mark the 700th anniversary of Akershus Castle in Oslo. The coin is legal tender and is being issued at face value. Technical details: Diameter: 27.5 mm Thickness: 2.2 mm...

COMMEMORATIVE COIN TO MARK THE NEW MILLENNIUM.(Statistical Data Included)
June 1, 1999... At a press conference held at Norges Bank on 18 May 1999, Minister of Culture Anne Enger Lahnstein presented a silver commemorative coin, the first of a two-coin series in celebration of the turn of the millennium. The second coin is to be of...

EVALUATION OF NORGES BANK'S PROJECTIONS.(Statistical Data Included)
June 1, 1999... As a means to drawing up the most accurate projections possible for economic developments, Norges Bank regularly evaluates its model-based forecasts. Analyses of forecast errors may make an important contribution to improving projections. It is...

IMPLICATIONS FOR THE MANAGEMENT OF THE GOVERNMENT PETROLEUM FUND IF SPECIAL ENVIRONMENTAL CONSIDERATIONS ARE USED AS A BASIS FOR THE CHOICE OF INVESTMENT STRATEGY.
June 1, 1999... Norges Bank submitted the following letter to the Ministry of Finance on 16 March 1999 1. Introduction The need for applying special ethical criteria as a basis for the choice of investment strategy for the Government Petroleum Fund...

AN EVALUATION OF EMERGING MARKETS AS AN INVESTMENT ALTERNATIVE FOR THE PETROLEUM FUND.
June 1, 1999... Norges Bank submitted the following letter to the Ministry of Finance on 16 March 1999: 1. Introduction In its letter of 22 August 1997 to the Ministry of Finance, Norges Bank discussed the Petroleum Fund's investment strategy, and in...

NEW WORKING PAPERS FROM NORGES BANK.(Brief Article)
June 1, 1999... Norges Bank's Working Papers (Arbeidsnotater) present research projects (not necessarily in their final version), and are published among other reasons to enable the author to benefit from the comments of colleagues and interested parties. Only...

Statistical Annex.(Statistical Data Included)
June 1, 1999... Financial institution balance sheets 1. Norges Bank. Balance sheet 2. Norges Bank. Specification of international reserves 3. State lending institutions. Balance sheet 4. Commercial and savings banks. Balance sheet 5....