The Norges Bank raised its key policy rate by 25bps to 1.25% on June 20th 2019, in line with market expectations. It is the third consecutive hike since September, as economic activity continues to strengthen and underlying inflation is a little higher than the 2% inflation target. Moreover, the Norwegian economy is seen expanding stronger in the coming year than projected earlier even though prospects for weaker growth and lower interest rates abroad. The bank also signalled that the policy rate might be increased somewhat further in the course of 2019 and slightly faster in the coming year than projected earlier while the policy rate path is little changed thereafter. Inflation is projected to remain close to the inflation target in the years ahead, at the same time as unemployment remains low. Interest Rate in Norway averaged 4.06 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 1.25 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 1.75 percent in 2020, according to our econometric models.

Norway Interest Rate
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Calendar GMT Actual Previous Consensus TEForecast
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% 1% 1%
2019-06-20 08:00 AM Norges Bank Interest Rate Decison 1.25% 1% 1.25% 1.25%
2019-08-15 08:00 AM Norges Bank Interest Rate Decison 1.25% 1.25%
2019-09-19 08:00 AM Norges Bank Monetary Policy Report
2019-09-19 08:00 AM Norges Bank Interest Rate Decison 1.25%


Norway Money Last Previous Highest Lowest Unit
Interest Rate 1.25 1.00 11.00 0.50 percent [+]
Money Supply M0 81157.00 75239.00 167428.00 33111.00 NOK Million [+]
Money Supply M1 2120756.00 2107837.00 2124499.00 66049.00 NOK Million [+]
Interbank Rate 1.55 1.57 27.21 0.71 percent [+]
Money Supply M2 2295845.00 2279171.00 2295845.00 17026.00 NOK Million [+]
Foreign Exchange Reserves 584444.00 599415.00 599415.00 21053.00 NOK Million [+]
Loans to Private Sector 1806855.00 1802993.00 1806855.00 275742.00 NOK Million [+]
Deposit Interest Rate 0.00 0.00 1.25 -0.50 percent [+]
Lending Rate 2.00 2.00 10.00 1.50 percent [+]
Loan Growth 5.60 5.70 24.20 -4.40 percent [+]
Private Debt to GDP 275.30 288.50 298.60 195.20 percent [+]
Central Bank Balance Sheet 9828466.00 9573749.00 9828466.00 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 July of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
1.25 1.00 11.00 0.50 1991 - 2019 percent Daily




Country Last Previous
Argentina 58.72 Jul/19
Turkey 24.00 Jun/19
Mexico 8.25 Jul/19
Russia 7.50 Jun/19
Brazil 6.50 Jun/19
South Africa 6.50 Jul/19
India 5.75 Jul/19
Indonesia 5.75 Jul/19
China 4.35 Jun/19
Saudi Arabia 3.00 Jun/19
United States 2.50 Jun/19
Canada 1.75 Jul/19
Singapore 1.67 Jun/19
South Korea 1.50 Jul/19
Australia 1.00 Jul/19
United Kingdom 0.75 Jun/19
Euro Area 0.00 Jun/19
France 0.00 Jun/19
Germany 0.00 Jun/19
Italy 0.00 Jun/19
Netherlands 0.00 Jun/19
Spain 0.00 Jun/19
Japan -0.10 Jun/19
Switzerland -0.75 Jun/19


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