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We set the policy rate to ensure low and stable inflation in Norway.
Norges Bank’s monetary policy strategy describes the Committee’s interpretation of the monetary policy mandate.
The policy rate is Norges Bank's main instrument for stabilising inflation and developments in the Norwegian economy.
The monetary policy target is annual consumer price inflation of close to 2 percent over time.
On a quarterly basis, Norges Bank surveys executives from over 400 enterprises and organisations about recent economic developments and the outlook ahead.
Norges Bank operates a flexible inflation targeting regime, so that weight is given to both variability in inflation and variability in output and employment.
A number of analytical tools are used in forecasting and monetary policy analysis.