THE MONETARY POLICY TOOLKIT

With an interest rate path ahead in line with the forward interest rate and a weaker krone in line with the forward exchange rate, there are now prospects that inflation will move

(2021) simulate a DSGE Model estimated for Euro Area with a calibrated asymmetric policy function to show that when the response to inflation is higher for inflation above the

The projections are based on the assumption that the krone will appreciate somewhat in the period ahead (see Chart 2.12). Thereafter, inflation will pick up somewhat through

In the period ahead, house price inflation is expected to remain high (Chart 5.3), albeit somewhat lower than projected in the March Report, owing to the housing market

Since September 2018, the policy rate has been raised gradually. The monetary stance has become less expansionary. Inflation is close to the inflation target, and capacity

At the monetary policy meeting in June, the European Central Bank (ECB) revised its forward guidance on policy rates and is now signalling that it will keep rates unchanged

For the average annual rise in consumer prices over time to be the same as the inflation target, the disturbances that affect the economy must be fairly symmetrical.. Price

Norges Bank's operational conduct of monetary policy is oriented towards low and stable inflation.. The operational target is annual consumer price inflation of close to 2.5 percent