The annual address - facts and history
The annual address is the annual speech delivered by the Governor of Norges Bank to Norges Bank's Supervisory Council and a number of invited guests. This tradition started in 1922. In our time, the Governor's address reaches a far wider public than earlier: it is webcast live on Norges Bank's website and is widely commented in the media.
Title and content
The title of the address since Hermod Skånland delivered his first address in 1986 has been "Economic perspectives". Former governors had largely discussed and used the title "the economic situation". Since 1986 greater emphasis has been placed on discussing a broader range of themes of relevance to addressing economic policy challenges.
Who is invited?
Around 350 persons are invited and 260-300 persons attend the event. The guests represent various institutions and industries: politicians (the President and Vice-President of the Storting (Norwegian parliament) and the members of the Standing Committee on Finance and Economic Affairs, the heads of some standing committees, party leaders, the full cabinet), public sector, courts, academia, employer and employee organisations, financial industry, trade organisations, large companies and cultural life. Over time, both the number and range of attendees have increased, reducing the dominance of political and financial representatives in relation to earlier years.
In 2021 the event was held online, due to the coronavirus pandemic. The pandemic will also have consequences for the event in 2022.