Monetary Policy

The department contributes to balanced economic developments and to achieving the inflation target.

Duties include:

  • Providing a sound analytical basis for monetary policy
  • Advising on interest rate decisions
  • Engaging in research and analysis to support the department in the performance of its tasks

Executive Director: Ida Wolden Bache
Tel: +47 22 31 64 22

Departmental units:

Policy and Analysis

The unit works on monetary policy issues, including advice about the formulation and orientation of monetary policy instruments, and assists the executive directors and leaders of the Bank in communicating and providing information about the conduct of monetary policy. The unit also monitors and analyses domestic economic developments and prepares parts of Norges Bank's Monetary Policy Report with financial stability assessment, which is issued four times a year. The unit is responsible for the Bank's regional network, established to strengthen the analytical base through direct contact with enterprises, organisations and municipalities. The use and development of economic models for forecasting purposes and political analysis, including a system for averaging forecasts. SAM (System for Averaging Models) are also among the unit's tasks,

Director: Per Espen Lilleås
Tel. +47 22 31 69 26

International Economy

The unit monitors and analyses international economic developments. The unit has operational responsibility for Norway's work in the IMF and for taking care of Norges Bank's interests and activities on other international issues.

Director: Anne Berit Christiansen
Tel. +47 22 31 60 94

PPO / FST Model

The unit develops models and analytical tools to enhance the basis for monetary policy decision-making and macroprudential policy guidance. The unit focuses on macroeconomic issues.

Director: Karsten Gerdrup
Tel. +47 22 31 64 40

Research

The unit's employees carry out research in the areas of macroeconomics, monetary policy, they conducts theoretical and empirical research into the functioning of financial markets, the behaviour of financial institutions, issues related to payment and settlement systems and the interplay between the financial and the real economy. The standard of research must be such that it qualifies for publication in refereed international or national journals. The unit provides specialist input to the Bank's work on predicting, preventing and managing financial instability and promoting efficient and robust payment and settlement systems.

Director: Kasper Roszbach
Tel. +47 22 31 68 65 / +46 760 330 775

Published 6 February 2007 12:28
Edited 4 January 2016 16:11
Ida Wolden Bache
Executive Director, Monetary Policy Department

Contact:

Tel.: + 47 22 31 64 22