摘要：Affecting private agents’ expectations is an important part of monetary policy. Transparency about the
objectives and the reasoning behind monetary policy decisions has therefore become the norm. There is,
however, no unique “best” way to handle central bank communication. Institutional aspects and historical
experience matter. Norges Bank has followed the advice of academics to publish our own projection of the
interest rate – or preferred interest rate path – as a means of influencing private agents’ expectations. In our
communication, we stress that our projected interest rate path is conditional on economic developments and
our understanding of the functioning of the economy – and not an unconditional promise. It is also essential
that the public understand the reasoning behind a specific interest rate path. We have therefore developed
and published a set of six criteria that we use to assess alternative interest rate paths. These criteria are
useful tools both for internal discussion and for external communication
