Deposit Interest Rate in Norway increased to 2.25 percent in May from 2 percent in April of 2023. source: Norges Bank

Deposit Interest Rate in Norway averaged 0.02 percent from 2011 until 2023, reaching an all time high of 2.25 percent in May of 2023 and a record low of -1.00 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 June of 2023.

Deposit Interest Rate in Norway is expected to be 2.25 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 2.25 percent in 2024 and 1.50 percent in 2025, according to our econometric models.

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Norway Reserve Rate

Related Last Previous Unit Reference
Interest Rate 3.25 3.00 percent May 2023
Interbank Rate 4.07 4.07 percent Jun 2023
Loans to Private Sector 2235211.00 2211553.00 NOK Million Apr 2023
Deposit Interest Rate 2.25 2.00 percent May 2023
Lending Rate 4.25 4.00 percent May 2023
Central Bank Balance Sheet 15786713.00 15237835.00 NOK Million Apr 2023
Loan Growth 5.30 5.20 percent Apr 2023

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.
Actual Previous Highest Lowest Dates Unit Frequency
2.25 2.00 2.25 -1.00 2011 - 2023 percent Monthly