Monetary policy regulation keeps inflation target at 2 percent
Norway's operational inflation target remains close to 2 percent under a new monetary policy regulation adopted by the Council of State. Norges Bank confirmed the updated framework will not alter policy conduct.
The 2 percent target stays intact
Adopted in the Council of State on September 18, 2026, the new regulation formalizes the framework governing monetary policy in Norway with immediate effect.
Under Section 1, the primary mandate requires policy to maintain monetary stability by keeping inflation low and stable.
Section 2 defines the operational target as annual consumer price inflation of close to 2 percent over time.
The framework specifies that inflation targeting must remain forward-looking and flexible to support high and stable output and employment while counteracting the build-up of financial imbalances.
Section 3 repeals the previous Regulation of 13 December No. 1775.
No operational shifts for the central bank
The revision preserves the identical wording used in the previous regulation, ensuring absolute continuity in central bank operations.
Norges Bank provided its formal input in a letter to the Ministry of Finance on September 10, 2026. “The new regulation will not entail any changes to the conduct of monetary policy,” Governor Ida Wolden Bache said.
The legal refresh updates the statutory foundation without altering the weights assigned to inflation, employment, or financial stability.
Legal housekeeping without economic impact
Reissuing the regulation with identical wording is purely administrative rather than a substantive policy shift.
By preserving the 2 percent target and flexible mandate, the government reaffirms institutional stability without altering policy conduct.
Financial markets can safely treat this update as routine legal maintenance.
Source: New regulation on monetary policy
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