Add to ORKGIn 2014, like the year before, Norges Bank’s Executive Board held six monetary policy meetings where it decided key policy interest rates. The policy rate was changed in December only, but interest rate forecasts were changed considerably over the meetings. Our report is organized as follows. In chapter 3 we give a brief description of some key economic variables that are important for the monetary policy decisions. In chapter 4 we describe each meeting in more detail and evaluate the Board’s assessments. The decision to cut rates in December stands out as the most obvious decision to assess. Norges Bank lowered rates to be proactive after the drop in oil prices, and placed less emphasis on the risk of increasing financial imbalances. ...