The key rate is the most important monetary policy instrument. The Executive Board sets the key rate at pre-announced times, normally every six weeks.
The monetary policy decision and background material will be published at 2 pm on the day of the meeting. A press conference is also held at 2 pm at which the central bank governor or deputy governor explains in more detail the reasons behind the Executive Board's decision. The press conference is webcast from Norges Bank's website.
2012