Each year the Centre for Monetary Economics (CME) at The Department of Economics, BI Norwegian School of Management appoints an independent group of experts to evaluate monetary policy in Norway. This year the committee consists of Erik Bruce, Chief Analyst at Nordea Markets, Nils Gottfries, Professor in Economics at Uppsala University, and Kjell-Erik Lommerud, Professor in Economics at the University of Bergen. The committee is solely responsible for the report and the views therein. The report does not necessarily represent the views of the CME or of its members. The Ministry of Finance partly funds the Norges Bank Watch reports, which contain useful information and analyses for the Ministry’s evaluation of monetary policy that is presented each year in a White Paper to Parliament.