The Norges Bank held its key policy rate at 1 percent during its May meeting, after a 25bps hike in March, saying that capacity utilisation in the Norwegian economy was slightly above a normal level and underlying inflation was a little higher than the 2 percent inflation target. Policymakers still expect a policy rate increase in the course of the next half-year despite uncertainty surrounding global developments. Interest Rate in Norway averaged 4.07 percent from 1991 until 2019, reaching an all time high of 11 percent in September of 1992 and a record low of 0.50 percent in March of 2016.

Interest Rate in Norway is expected to be 1.15 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Interest Rate in Norway to stand at 1.20 in 12 months time. In the long-term, the Norway Interest Rate is projected to trend around 1.75 percent in 2020, according to our econometric models.

Norway Interest Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-12-13 09:00 AM Norges Bank Interest Rate Decison 0.75% 0.75% 0.75% 0.75%
2019-01-24 09:00 AM Norges Bank Interest Rate Decison 0.75% 0.75% 0.75% 0.75%
2019-03-21 09:00 AM Norges Bank Interest Rate Decison 1% 0.75% 1% 1%
2019-05-09 08:00 AM Norges Bank Interest Rate Decison 1% 1% 1% 1%
2019-06-20 08:00 AM Norges Bank Monetary Policy Report
2019-06-20 08:00 AM Norges Bank Interest Rate Decison 1% 1.15%
2019-08-15 08:00 AM Norges Bank Interest Rate Decison 1.15%


Norway Money Last Previous Highest Lowest Unit
Interest Rate 1.00 1.00 11.00 0.50 percent [+]
Money Supply M0 85529.00 81896.00 167428.00 33111.00 NOK Million [+]
Money Supply M1 2120502.00 2097243.00 2124499.00 66049.00 NOK Million [+]
Interbank Rate 1.49 1.49 27.21 0.71 percent [+]
Money Supply M2 2286534.00 2261116.00 2286534.00 17026.00 NOK Million [+]
Foreign Exchange Reserves 587628.00 583534.00 587628.00 21053.00 NOK Million [+]
Loans to Private Sector 1791990.00 1779235.00 1791990.00 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 5.80 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 Interest Rate

In Norway, benchmark interest rate is set by the Central Bank of Norway (Norges Bank). The official interest rate is the key policy rate, also known as sight deposit rate. . This page provides the latest reported value for - Norway Interest Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Norway Interest Rate - actual data, historical chart and calendar of releases - was last updated on May of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
1.00 1.00 11.00 0.50 1991 - 2019 percent Daily




Country Last Previous
Argentina 71.22 May/19
Turkey 24.00 Apr/19
Mexico 8.25 May/19
Russia 7.75 Apr/19
South Africa 6.75 May/19
Brazil 6.50 May/19
India 6.00 Apr/19
Indonesia 6.00 May/19
China 4.35 Apr/19
Saudi Arabia 3.00 Apr/19
United States 2.50 May/19
Singapore 2.24 Mar/19
Canada 1.75 Apr/19
South Korea 1.75 Apr/19
Australia 1.50 May/19
United Kingdom 0.75 May/19
Euro Area 0.00 Apr/19
France 0.00 Apr/19
Germany 0.00 Apr/19
Italy 0.00 Apr/19
Netherlands 0.00 Apr/19
Spain 0.00 Apr/19
Japan -0.10 Apr/19
Switzerland -0.75 Apr/19


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