The Norges Bank left its key policy rate unchanged at 0.75 percent on December 13th 2018, in line with market expectations, saying underlying inflation is close to the 2 percent target. In November, CPIF inflation rose to 2.2 percent from 1.6 percent in October and policymakers expect it to remain close to the target in the coming years. The central bank reinforced that next rate increase will 'most likely' be in March 2019, followed by gradual rises. Interest Rate in Norway averaged 4.11 percent from 1991 until 2018, 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 0.75 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 1.00 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.

Norway Interest Rate
width
height
Forecast Data Chart
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.


Calendar GMT Actual Previous Consensus TEForecast
2018-08-16 08:00 AM Norges Bank Interest Rate Decison 0.5% 0.5% 0.5% 0.5%
2018-09-20 08:00 AM Norges Bank Interest Rate Decison 0.75% 0.5% 0.75% 0.75%
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%
2019-03-21 09:00 AM Norges Bank Interest Rate Decison
2019-03-21 09:00 AM Norges Bank Monetary Policy Report


Norway Money Last Previous Highest Lowest Unit
Interest Rate 0.75 0.75 11.00 0.50 percent [+]
Interbank Rate 1.27 1.27 27.21 0.71 percent [+]
Money Supply M0 75362.00 79844.00 167428.00 33111.00 NOK Million [+]
Money Supply M1 2105199.00 2093253.00 2124499.00 66049.00 NOK Million [+]
Money Supply M2 2260566.00 2247611.00 2278427.00 17026.00 NOK Million [+]
Foreign Exchange Reserves 507959.00 535596.00 564659.00 21053.00 NOK Million [+]
Loans to Private Sector 1748316.00 1738920.00 1775225.00 275742.00 NOK Million [+]
Deposit Interest Rate -0.25 -0.25 1.25 -0.50 percent [+]
Lending Rate 1.75 1.75 10.00 1.50 percent [+]
Loan Growth 5.50 5.70 24.20 -4.40 percent [+]
Private Debt to GDP 284.60 294.59 294.59 195.20 percent [+]
Central Bank Balance Sheet 8820009.00 9080227.00 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 January of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
0.75 0.75 11.00 0.50 1991 - 2018 percent Daily




Country Last Previous
Argentina 57.32 Jan/19
Turkey 24.00 Jan/19
Mexico 8.25 Dec/18
Russia 7.75 Dec/18
South Africa 6.75 Dec/18
Brazil 6.50 Dec/18
India 6.50 Dec/18
Indonesia 6.00 Jan/19
China 4.35 Dec/18
Saudi Arabia 3.00 Dec/18
United States 2.50 Dec/18
Singapore 1.76 Dec/18
Canada 1.75 Jan/19
South Korea 1.75 Dec/18
Australia 1.50 Dec/18
United Kingdom 0.75 Dec/18
Euro Area 0.00 Dec/18
France 0.00 Dec/18
Germany 0.00 Dec/18
Italy 0.00 Dec/18
Netherlands 0.00 Dec/18
Spain 0.00 Dec/18
Japan -0.10 Dec/18
Switzerland -0.75 Dec/18


Related

Latest