Norges Bank's press conference, 7 August

PRESS CONFERENCE - Monetary policy meeting of Norges Bank's Executive Board, 7 August.

Interest rates were left unchanged at Norges Bank's Executive Board meeting on 7 August. Norges Bank's key interest rate, the sight deposit rate, therefore remains at 7 per cent. According to Norges Bank's assessment, with an unchanged interest rate, the probability that inflation two years ahead will be higher than 2 ½ per cent is greater than the probability that it will be lower.

The objective of monetary