Norges Bank

Monetary policy

We set the policy rate to ensure low and stable inflation in Norway.

Monetary policy meetings

The policy rate

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.

Regional Network

On a quarterly basis, Norges Bank surveys executives from over 400 enterprises and organisations about recent economic developments and the outlook ahead.

Output gap

Norges Bank operates a flexible inflation targeting regime, so that weight is given to both variability in inflation and variability in output and employment.