Good morning, everyone, and let me thank Sparebanken Sør for allowing us to use their grand premises to explain the background for our monetary policy decision today. Chart: Policy rate raised by 0.25 percentage point Norges Bank’s Monetary Policy and Financial Stability Committee decided to raise the policy rate by 0.25 percentage point to 4 percent. Norges Bank’s task is to keep inflation low and stable. The operational target is inflation of close to 2 percent over time. We are also mandated to help keep employment as high as possible and to promote economic stability. Chart: Inflation is high We are raising the ... (full story)