The significance of uncertainty in monetar y policy

To ensure stability in the exchange rate against the euro, monetary policy instruments must be oriented towards reducing price and cost inflation to the level aimed at by the

In order to achieve exchange rate stability against the euro, monetary policy instruments must be oriented in such a way that price and cost inflation is brought down to

The fixed exchange rate regime, which was introduced in 1986, reinstated monetary policy as an instrument of economic policy in Norway and laid the foundation for lower inflation

Flexible inflation targeting builds a bridge between the long-term objective of monetary policy, which is to anchor expecta- tions of low and stable inflation, and the more

 The operational target of monetary policy shall be annual consumer price inflation of close to 2.5 per cent over time..  Monetary policy shall also contribute to stabilising

Norges Bank’s monetary policy mandate specifies three objectives: 1) inflation of close to 2 percent over time, 2) high and stable output and employment, and 3) counteracting

– The Bank’s monetary policy objective is to deliver price stability – low inflation – and, subject to that, to support the Government’s economic objectives including those for

 Monetary policy controls inflation and gives weight to stabilising output.  No long-term trade-off between inflation and