The Norges Bank left its key policy rate unchanged at 0.75 percent on October 25th 2018, in line with market expectations, saying underlying inflation is close to the 2 percent target. It follows a 25bps hike in the previous meeting and policymakers reinforced that next rate increase will 'most likely' be in Q1 2019, followed by gradual rises. The bank added that economic growth has been lower than expected and inflation rate higher than projected. In September, annual inflation rate stood at 3.4 percent, the same as in August. Interest Rate in Norway averaged 4.13 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
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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 Monetary Policy Report
2018-12-13 09:00 AM Norges Bank Interest Rate Decison 0.75% 0.75%


Norway Money Last Previous Highest Lowest Unit
Interest Rate 0.75 0.75 11.00 0.50 percent [+]
Interbank Rate 1.20 1.20 27.21 0.71 percent [+]
Money Supply M0 74807.00 81641.00 167428.00 33111.00 NOK Million [+]
Money Supply M1 2098775.00 2088213.00 2124499.00 66049.00 NOK Million [+]
Money Supply M2 2252391.00 2242304.00 2278427.00 17026.00 NOK Million [+]
Foreign Exchange Reserves 534609.00 530664.00 564659.00 21053.00 NOK Million [+]
Loans to Private Sector 1720326.00 1775225.00 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 5.60 5.90 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 November of 2018.

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




Country Last
Argentina 62.21 Nov/18
Turkey 24.00 Oct/18
Mexico 8.00 Nov/18
Russia 7.50 Oct/18
Brazil 6.50 Oct/18
India 6.50 Oct/18
South Africa 6.50 Oct/18
Indonesia 6.00 Nov/18
China 4.35 Oct/18
Saudi Arabia 2.75 Oct/18
United States 2.25 Nov/18
Canada 1.75 Oct/18
Australia 1.50 Nov/18
South Korea 1.50 Oct/18
Singapore 1.45 Oct/18
United Kingdom 0.75 Nov/18
Euro Area 0.00 Oct/18
France 0.00 Oct/18
Germany 0.00 Oct/18
Italy 0.00 Oct/18
Netherlands 0.00 Oct/18
Spain 0.00 Oct/18
Japan -0.10 Oct/18
Switzerland -0.75 Oct/18


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