Norges Bank Economic Bulletin, April 2007

The latest edition of Norges Bank's Economic Bulletin for April 2007 includes the article 'Interest rate projections in theory and practice'.

"The most important task of monetary policy is to provide the economy with an anchor for inflation expectations - a nominal anchor. In Norway, monetary policy is oriented towards low and stable inflation with an annual rise in consumer prices of close to 2.5 per cent over time. Norges Bank operates a flexible inflation targeting regime, so that weight is

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