Norway's Olsen Sees First Rate Hike at End of 2018

The transcript discusses the current state and future expectations of monetary policy, focusing on the potential for a rate hike by the end of 2018. It highlights the need for an expansionary policy and the improved economic prospects in Asia. The discussion also covers the decoupling of the Norwegian kroner from oil prices, suggesting it may be temporary. The housing market's influence on currency and economic stability is examined, with a belief in a soft landing. Finally, the transcript considers whether 2018 will mark the normalization of monetary policy, concluding that it is too early to determine.

What is one reason for considering an earlier interest rate increase?

• A stronger Norwegian kroner

• A decrease in oil prices

• A decline in housing market demand

• Improved economic prospects and inflation targets

What is the relationship between oil prices and the Norwegian kroner as discussed?

• They are inversely correlated

• They have no impact on each other

• They are directly correlated

• They have decoupled recently

What is the expected trend for the Norwegian kroner in the first quarter of next year?

• It will fluctuate unpredictably

• It will strengthen

• It will remain stable

• It will weaken further

How might the housing market impact the currency development?

• It could lead to a currency appreciation

• It will cause a currency depreciation

• It has no impact

• It could be a downside risk factor

Is 2018 expected to be the year of monetary policy normalization?

• Yes, definitely

• No, it's too early to say

• No, interest rates will rise significantly

• Yes, but only in Norway