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New regulation on monetary policy
- Article from:
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Norges Bank. Inflation Report
- Article date:
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June 1, 2001
- Author:
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Copyright informationCopyright Norges Bank, Economic Intelligence Dept. Jun 2001. Provided by ProQuest LLC. (Hide copyright information)
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The new Regulation on Monetary Policy was established by Royal Decree of 29 March 2001 pursuant to Section 2, third paragraph, and Section 4, second paragraph, of the Act of 24 May 1985 no. 28 on Norges Bank and the Monetary System. The regulation reads as follows:
secs 1
Monetary policy shall be aimed at stability in the Norwegian krone's national and international value, contributing to stable expectations concerning exchange rate developments. At the same time, monetary policy shall underpin fiscal policy by contributing to stable developments in output and employment.
Norges Bank is responsible for the implementation of monetary policy.
Norges Bank's implementation of monetary ...