The Norges Bank held its benchmark interest rate at 1.5 percent during its January meeting as widely expected, with policymakers saying rates are expected to remain unchanged in the coming period as inflation nears its target and capacity utilisation declines towards a normal level. The bank also noted that risks of a sharp downturn in the global economy appear to have receded somewhat since autumn, but uncertainties surrounding global developments persist.
Interest Rate in Norway averaged 4.02 percent from 1991 until 2020, reaching an all time high of 11 percent in September of 1992 and a record low of 0.50 percent in March of 2016. 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. source: Norges Bank
Interest Rate in Norway is expected to be 1.50 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 1.50 in 12 months time. In the long-term, the Norway Interest Rate is projected to trend around 1.50 percent in 2020, according to our econometric models.