Monetary Policy Report 3/07

The Monetary Policy Report is based on information in the period to 25 October 2007. The monetary policy strategy in Section 1 was approved by the Executive Board on 31 October 2007. The Report is published three times a year, in March, June and October/November. The Report assesses the interest rate outlook and includes projections for developments in the Norwegian economy, analyses of selected themes and a summary of Norges Bank’s regional network reports. At its meeting on 29 August, the Executive Board discussed relevant themes for the Report. At the Executive Board meeting on 17 October, the economic outlook was 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 13 March 2008 at the meeting held on 31 October. The Executive Board’s summary of the economic outlook and the monetary policy strategy are presented in Section 1. In the period to the next Report, the Executive Board’s monetary policy meetings will be held on 12 December, 23 January and 13 March