The Bank considers that 2 percent in terms of the year-on-year rate of change in the CPI is the price stability target the Bank should aim at. On this point, various concerns have been raised.
(2016), “Connecting the dots: market reactions to forecasts of policy rates and  forward guidance provided by the Fed”, DNB Working Papers, No 523; and Brubakk, L., S. ter Ellen and H. Xu (2017), “Forward guidance through interest rate projections: does it work?”, Norges Bank Working Papers, No 62017.