Steady Course for Monetary Policy : chronicle in Aftenposten

The key policy rate is set with a view to maintaining inflation close to 2.5% over time without causing excessive fluctuations in output and employment. The monetary

Norges Bank’s Monetary Policy and Financial Stability Committee has decided to keep the policy rate unchanged at zero percent.. 6.. Structure of Norges Bank’s policy

Owing to the time lag in monetary policy, shocks that impact the economy and trade- offs with regard to stability in output and employment, Norges Bank emphasised that monetary

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

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

(2) The Bank shall otherwise contribute to high and stable output and employment.. THE PURPOSE AND SCOPE OF MONETARY

A robust monetary policy also takes into account the risk of a build-up of financial imbalances (see box on page 24 for further details on the criteria for an appro- priate

 Use monetary policy to achieve price stability and highest sustainable employment.  Use financial policy to maintain