Monetary Policy Report with financial stability assessment 1/13

The Report is published four times a year, in March, June, September and December. The Report assesses the interest rate outlook and the need for countercyclical capital buffers for banks. The Report includes projections of developments in the Norwegian economy. At its meeting on 19 December 2012, the Executive Board discussed relevant themes for the Report. At the Executive Board meeting on 27 February 2013, the economic outlook, the monetary policy stance and risk in the financial system were discussed. On the basis of this discussion and a recommendation from Norges Bank’s management, the Executive Board adopted a monetary policy strategy for the period to the publication of the next Report on 20 June 2013. The Executive Board’s assessment of the economic outlook, the monetary policy strategy and the countercyclical capital buffer requirement is presented in “The Executive Board’s assessment”. The next monetary policy meeting of the Executive Board will be held on 8 May