Monetary Policy Report

The Monetary Policy Report (former Inflation Report) contains an analysis of developments in inflation, output and demand for the next three-year period. In addition, the balance of risks and uncertainty associated with the projections are assessed.

The main features of the analysis in the Monetary Policy Report are presented to the Executive Board for discussion at a meeting about two weeks before the report is published. On the basis of the analysis and discussion, the Executive Board assesses the consequences for future interest rate developments and adopts a monetary policy strategy, including alternative strategies. The decision to adopt a monetary policy strategy is made on the same day as the report is published. The strategy applies for the period up to the next report and is presented at the end of Section 1 in the Monetary Policy Report.