The Norges Bank held its benchmark policy rate at 0.0 percent during its September 2020 meeting as widely expected. "The sharp economic downturn and considerable uncertainty surrounding the outlook suggest keeping the policy rate on hold until there are clear signs that economic conditions are normalising”, Governor Olsen said. The policy rate forecast is little changed since June and implies a rate at the current level over the next couple of years, followed by a gradual rise as activity approaches a more normal level.
Interest Rate in Norway averaged 3.95 percent from 1991 until 2020, reaching an all time high of 11 percent in September of 1992 and a record low of 0 percent in May of 2020. 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 - data, historical chart, forecasts and calendar of releases - was last updated on October of 2020. source: Norges Bank
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 Interest Rate in Norway to stand at 0.00 in 12 months time. In the long-term, the Norway Interest Rate is projected to trend around 0.00 percent in 2021, according to our econometric models.