EFTA Document EFTA01459606

12 January 2016 FX Blueprint: Forever Young the December Monetary Policy Report, which should more than cushion the additional decline in oil. Growth and employment data continues to be soft, but there is little evidence of more deterioration. Finally, CPI tracks exchange rate developments closely and reaccelerated above target in November (Figure 4). While Norges has been relatively sanguine about high inflation due to weak wage developments, CPI is now above forecast and a further in