Deposit Interest Rate in Norway remained unchanged at -1 percent in August from -1 percent in July of 2020.

Deposit Interest Rate in Norway averaged 0.03 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 September 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 -1.00 percent in 2021, according to our econometric models.

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Norway Reserve Rate

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

Norway Money Last Previous Highest Lowest Unit
Interest Rate 0.00 0.00 11.00 0.00 percent [+]
Interbank Rate 0.26 0.26 27.21 0.23 percent [+]
Money Supply M0 174563.00 163732.00 330224.00 33111.00 NOK Million [+]
Money Supply M1 2451072.00 2401397.00 2451072.00 66049.00 NOK Million [+]
Money Supply M2 2626942.00 2577244.00 2626942.00 17026.00 NOK Million [+]
Foreign Exchange Reserves 664675.00 682459.00 741729.00 21053.00 NOK Million [+]
Loans to Private Sector 1894235.00 1912181.00 1912181.00 275742.00 NOK Million [+]
Deposit Interest Rate -1.00 -1.00 1.25 -1.00 percent [+]
Lending Rate 1.00 1.00 10.00 1.00 percent [+]
Loan Growth 4.60 4.50 24.20 -4.40 percent [+]
Private Debt to GDP 275.30 288.50 298.60 195.20 percent [+]
Central Bank Balance Sheet 11293795.00 11519067.00 11519067.00 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.