In accordance with the government regulation of 29 March 2001, Norges Bank's implementation of monetary policy shall be oriented towards maintaining low and stable inflation. The operational target of monetary policy is an annual consumer price inflation rate of approximately 2,5 per cent over time. Norges Bank sets the interest rate with a view to stabilising inflation close to the target in the medium term. The relevant horizon will depend on disturbances to which the economy is exposed, and how they will affect the path for inflation and the real economy ahead.

The Monetary Policy Report assesses the interest rate outlook and includes projections for developments in the Norwegian economy, a discussion of specific topics and a summary of Norges Bank's regional network reports.

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 report and is presented at the end of Section 1 in the Monetary Policy Report.

The report is published three times a year, normally in March, June and October/November.

The dates for future Reports are available on Norges Bank's website under "Calendar". The report is available on the website at 2 pm, when the Bank's interest rate decision is announced, and is presented at a press conference at 2.45 pm the same day.

Inflation Report: ISSN 1502-2730 (print). ISSN-1503-8874 (online). Published: 1996-2006.

Monetary Policy Report: ISSN 1504-8470 (print). ISSN 1504-8497 (online). Published: 2007-

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