Deposit Interest Rate in Norway decreased to -1 percent in May from -0.75 percent in April of 2020.

Deposit Interest Rate in Norway averaged 0.06 percent from 2011 until 2020, reaching an all time high of 1.25 percent in November of 2011 and a record low of -1 percent in May of 2020. This page includes a chart with historical data for Deposit Interest Rate in Norway. Norway Reserve Rate - values, historical data and charts - was last updated on May of 2020. source: Norges Bank

Deposit Interest Rate in Norway is expected to be -1.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Deposit Interest Rate in Norway to stand at -1.00 in 12 months time. In the long-term, the Norway Reserve Rate is projected to trend around -0.75 percent in 2021 and -0.50 percent in 2022, according to our econometric models.

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Norway Reserve Rate

Actual Previous Highest Lowest Dates Unit Frequency
-1.00 -0.75 1.25 -1.00 2011 - 2020 percent Monthly
NSA

Norway Money Last Previous Highest Lowest Unit
Interest Rate 0.00 0.25 11.00 0.00 percent [+]
Interbank Rate 0.26 0.26 27.21 0.26 percent [+]
Money Supply M0 270012.00 76615.00 270012.00 33111.00 NOK Million [+]
Money Supply M1 2302630.00 2177517.00 2302630.00 66049.00 NOK Million [+]
Money Supply M2 2491590.00 2362319.00 2491590.00 17026.00 NOK Million [+]
Foreign Exchange Reserves 733470.00 741729.00 741729.00 21053.00 NOK Million [+]
Loans to Private Sector 1904752.00 1870065.00 1904752.00 275742.00 NOK Million [+]
Deposit Interest Rate -1.00 -0.75 1.25 -1.00 percent [+]
Lending Rate 1.00 1.25 10.00 1.00 percent [+]
Loan Growth 4.70 4.90 24.20 -4.40 percent [+]
Private Debt to GDP 275.30 288.50 298.60 195.20 percent [+]
Central Bank Balance Sheet 11012690.00 10855527.00 11161340.00 6389.00 NOK Million [+]


Norway Reserve Rate
In Norway, the Reserve Rate refers to the interest rate banks receive on deposits in excess of their individual quotas in Norges Bank.