Deposit Interest Rate in Norway remained unchanged at -0.75 percent in November from -0.75 percent in October of 2021. source: Norges Bank

Deposit Interest Rate in Norway averaged -0.09 percent from 2011 until 2021, reaching an all time high of 1.25 percent in November of 2011 and a record low of -1 percent in May of 2020. This page includes a chart with historical data for Deposit Interest Rate in Norway. Norway Reserve Rate - values, historical data and charts - was last updated on December of 2021.

Deposit Interest Rate in Norway is expected to be -0.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Norway Reserve Rate is projected to trend around 0.25 percent in 2022 and 0.75 percent in 2023, according to our econometric models.

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Norway Reserve Rate

Related Last Previous Unit Reference
Interest Rate 0.25 0.25 percent Nov/21
Interbank Rate 0.78 0.78 percent Dec/21
Loans to Private Sector 1991171.00 1991780.00 NOK Million Oct/21
Deposit Interest Rate -0.75 -0.75 percent Nov/21
Lending Rate 1.25 1.25 percent Nov/21
Central Bank Balance Sheet 12528589.00 12511248.00 NOK Million Oct/21
Loan Growth 5.30 5.30 percent Oct/21
Norway Reserve Rate
In Norway, the Reserve Rate refers to the interest rate banks receive on deposits in excess of their individual quotas in Norges Bank.