The Norges Bank held its reserve rate at 0.0 percent during its May meeting. Deposit Interest Rate in Norway averaged 0.05 percent from 2011 until 2019, reaching an all time high of 1.25 percent in November of 2011 and a record low of -0.50 percent in March of 2016.

Deposit Interest Rate in Norway is expected to be 0.00 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 0.05 in 12 months time. In the long-term, the Norway Reserve Rate is projected to trend around 0.25 percent in 2020, according to our econometric models.

Norway Reserve Rate
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Forecast Data Chart
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Norway Money Last Previous Highest Lowest Unit
Interest Rate 1.00 1.00 11.00 0.50 percent [+]
Money Supply M0 75239.00 85529.00 167428.00 33111.00 NOK Million [+]
Money Supply M1 2107837.00 2120502.00 2124499.00 66049.00 NOK Million [+]
Interbank Rate 1.55 1.52 27.21 0.71 percent [+]
Money Supply M2 2279171.00 2286534.00 2286534.00 17026.00 NOK Million [+]
Foreign Exchange Reserves 599415.00 587628.00 599415.00 21053.00 NOK Million [+]
Loans to Private Sector 1802993.00 1791990.00 1802993.00 275742.00 NOK Million [+]
Deposit Interest Rate 0.00 0.00 1.25 -0.50 percent [+]
Lending Rate 2.00 2.00 10.00 1.50 percent [+]
Loan Growth 5.70 5.80 24.20 -4.40 percent [+]
Private Debt to GDP 284.60 294.59 294.59 195.20 percent [+]
Central Bank Balance Sheet 9828466.00 9573749.00 9828466.00 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. This page includes a chart with historical data for Deposit Interest Rate in Norway. Norway Reserve Rate - actual data, historical chart and calendar of releases - was last updated on June of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
0.00 0.00 1.25 -0.50 2011 - 2019 percent Monthly
NSA




Country Last Previous
Argentina 50.27 Jun/19
Turkey 22.50 Jun/19
South Africa 7.17 Apr/19
Brazil 6.19 Mar/19
Russia 5.82 Apr/19
Indonesia 5.25 May/19
Mexico 3.72 Mar/19
Saudi Arabia 3.40 Jun/19
South Korea 2.06 Mar/19
Australia 1.85 May/19
Canada 1.81 Jun/19
United Kingdom 0.50 May/19
China 0.35 May/19
Singapore 0.20 Apr/19
Japan -0.23 Jun/19
Switzerland -0.31 Apr/19
Euro Area -0.40 Jun/19


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