Replying to Avatar Erik Dale

The Bank of Norway mandate is completely self-contradictory:

1. Monetary & financial system stability demands restrictive policy.

2. High & stable output & employment demands expansive policy.

For political reasons, it will always sacrifice monetary & financial stability for high output & employment, causing endless devaluation of the NOK.

What's the mandate of your country's central bank?

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Erik Dale 2y ago

4 out of 5 top forex trades last 3 months involved selling NOK 👀

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