The Inflation Report is based on information in the period to 10 March 2005. Section 3 was approved by the Executive Board on 16 March 2005. Norges Bank’s Inflation Report is published three times a year, in February/March, June/July and October/November. The report contains an analysis of developments in inflation, output and demand for the next three-year period. In its meetings on 1, 2 and 16 March, Norges Bank’s Executive Board discussed the main content of the Inflation Report. Norges Bank’s Executive Board approved a monetary policy strategy based on these discussions at its meeting on 16 March for the period to the next Inflation Report, which will be published on 30 June. The strategy is presented in Section 3. During the period, the Executive Board’s monetary policy meetings will be held on 16 March, 20 April, 25 May and 30 June.