Decisions concerning interest rates and other important changes in the use of instruments will normally be taken at the Executive Board’s monetary policy meeting every sixth week. The analyses and the monetary policy strategy presented in Norges Bank’s Monetary Policy Report, together with assessments of price and cost developments and conditions in the money and foreign exchange markets, form a basis for monetary policy decisions.
The main features of the analysis in the Monetary Policy Report are presented to the Executive Board for discussion at a meeting about two weeks before the report is published. Themes of relevance to the report have been discussed at a previous meeting. On the basis of the analysis and discussion, the Executive Board assesses the consequences for future interest rate developments and adopts a monetary policy strategy, including alternative strategies. The decision to adopt a monetary policy strategy is made on the same day as the report is published. The strategy applies for the period up to the next Monetary Policy Report and is presented at the end of Section 1 in the report. From 2002 to 2004 the monetary policy strategy was published as a separate Strategy Document.