Executive Board meeting 31 May 2006

1) CPI-ATE: CPI adjusted for tax changes and excluding energy products. A further adjustment is made for the estimated effect of reduced maximum day-care rates from January 2006...

Assumptions for interest rate and exchange rate and projections for CPI adjusted for tax changes and excluding energy products.. (CPI-ATE) and the output gap 1) in

Interest and exchange rate assumptions and projections for the CPI adjusted for tax changes and excluding energy products (CPI-ATE) and the output gap in Inflation Report 2/04.3.

• The Executive Board's assessment is that the sight deposit rate should be in the interval 2¾ - 3¾ per cent in the period to the publication of the next Inflation Report on

Projections for the CPI from this Report form the basis for this estimate. 2) 10-year swap rate deflated by the inflation target. 3) Calculations may indicate that the normal

• The Executive Board's assessment is that the sight deposit rate should be in the interval 2¾ - 3¾ per cent in the period to the publication of the next Inflation Report on

• The Executive Board’s assessment is that the sight deposit rate should be in the interval 3¼ - 4¼% in the period to the. publication of the next Inflation Report on 15 March 2007,

1) CPI-ATE: CPI adjusted for tax changes and excluding energy products. A further adjustment is made for the estimated effect of reduced maximum day-care rates from January 2006.. 2)