Norges Bank Governor Olsen Sees Inflation Coming Down

The video discusses the inflation forecast, noting that expectations are stable and inflation is expected to rise in the future. It highlights the impact of reduced wage growth on inflation prospects and emphasizes the need for improved competitiveness during the economic transition due to lower oil prices. The labor market's role in maintaining responsibility is also acknowledged.

What is the current inflation forecast mentioned in the video?

• 3% to 4%

• 2% to 3%

• 0% to 1%

• 1% to 2%

Why is there no immediate concern about inflation prospects?

• Because inflation expectations are unstable

• Because inflation expectations are firmly anchored

• Because inflation is not being monitored

• Because inflation is expected to decrease

How does reduced wage growth affect inflation prospects?

• It increases inflation

• It has no effect on inflation

• It decreases inflation prospects

• It stabilizes inflation

What is the perceived benefit of lower wage growth during a period of lower oil prices?

• It has no impact

• It reduces competitiveness

• It increases costs

• It improves competitiveness

What role do labor market participants play in economic stability?

• They have no role

• They increase costs

• They are responsible for managing costs

• They decrease competitiveness