Norges Bank

Soon appropriate to begin easing monetary policy

Introductory statement by Governor Ida Wolden Bache at the press conference following the announcement of the policy rate on 19 December 2024.

Policy rate kept unchanged at 4.5 percent

Norges Bank’s Monetary Policy and Financial Stability Committee decided to keep the policy rate unchanged at 4.5 percent at its meeting on 18 December. Based on the Committee’s current assessment of the outlook, the policy rate will most likely be reduced in March 2025.

Piecing the Puzzle: Real Exchange Rates and Long-Run Fundamentals

Norges Bank's Monetary Policy Handbook

Version 2.0

The Cash-Flow Channel of Monetary Policy – Evidence from Billions of Transactions