Norway’s largest trade union confederation, LO, has affirmed its consistent position regarding the “frontfagsmodellen” wage bargaining system and monetary policy. This stance remains unchanged despite evolving circumstances impacting the Norwegian economy. The key shift lies in alterations to the mandate of Norges Bank, its implementation, and the nature of economic shocks experienced by Norway. LO’s continued support for the frontfagsmodellen suggests a belief in its effectiveness despite these changes. The union’s perspective is particularly relevant given current economic uncertainties and the central bank’s role in managing them. These factors are influencing the ongoing debate surrounding wage and price stability within the country. Further details regarding the specific implications of these shifts are expected to be elaborated upon by LO in upcoming statements.