The central bank of Norway raised its key policy rate by 25bps to 1 percent on March 21st 2019, in line with market expectations. It is the first rate hike so far this year. Policymakers said the Norwegian economy is expanding at a solid pace, capacity utilisation appears to be slightly above a normal level and underlying inflation is a little higher than the inflation target although there are prospects for weaker growth and lower interest rates abroad. The central bank expects a slightly faster rate rise in 2019 and a somewhat lower policy rate further out. Interest Rate in Norway averaged 4.09 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 1.00 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 1.15 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
2018-10-25 08:00 AM Norges Bank Interest Rate Decison 0.75% 0.75% 0.75% 0.75%
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%
2019-06-20 08:00 AM Norges Bank Interest Rate Decison 1.15%
2019-06-20 08:00 AM Norges Bank Monetary Policy Report


Norway Money Last Previous Highest Lowest Unit
Interest Rate 1.00 0.75 11.00 0.50 percent [+]
Interbank Rate 1.39 1.36 27.21 0.71 percent [+]
Money Supply M0 106263.00 85015.00 167428.00 33111.00 NOK Million [+]
Money Supply M1 2109179.00 2096754.00 2124499.00 66049.00 NOK Million [+]
Money Supply M2 2269620.00 2252569.00 2278427.00 17026.00 NOK Million [+]
Foreign Exchange Reserves 564012.00 549578.00 564659.00 21053.00 NOK Million [+]
Loans to Private Sector 1771151.00 1760937.00 1775225.00 275742.00 NOK Million [+]
Deposit Interest Rate 0.00 -0.25 1.25 -0.50 percent [+]
Lending Rate 2.00 1.75 10.00 1.50 percent [+]
Loan Growth 5.70 5.60 24.20 -4.40 percent [+]
Private Debt to GDP 284.60 294.59 294.59 195.20 percent [+]
Central Bank Balance Sheet 9149080.00 8820009.00 9319711.00 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 March of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
1.00 0.75 11.00 0.50 1991 - 2019 percent Daily




Country Last Previous
Argentina 63.87 Mar/19
Turkey 24.00 Mar/19
Mexico 8.25 Feb/19
Russia 7.75 Mar/19
South Africa 6.75 Feb/19
Brazil 6.50 Mar/19
India 6.25 Feb/19
Indonesia 6.00 Mar/19
China 4.35 Feb/19
Saudi Arabia 3.00 Feb/19
United States 2.50 Mar/19
Canada 1.75 Mar/19
South Korea 1.75 Feb/19
Singapore 1.66 Feb/19
Australia 1.50 Mar/19
United Kingdom 0.75 Mar/19
Euro Area 0.00 Mar/19
France 0.00 Mar/19
Germany 0.00 Mar/19
Italy 0.00 Mar/19
Netherlands 0.00 Mar/19
Spain 0.00 Mar/19
Japan -0.10 Mar/19
Switzerland -0.75 Mar/19


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