Norges Bank - Annual Report 2005

According to Norges Bank's Annual Report 2005, published Friday 12 May, Norges Bank's projections for inflation in 2005 were revised downwards slightly in Inflation Report 1/05, but were unchanged thereafter.

"The downward revision is mainly due to a weaker movement in prices for imported consumer goods than expected at the beginning of the year. The estimate for the output gap in 2005 was revised downwards somewhat through the year. The projections for inflation and the output gap estimates for

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