Deposit Interest Rate in Norway remained unchanged at -1 percent in August from -1 percent in July of 2021. source: Norges Bank

Deposit Interest Rate in Norway averaged -0.08 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 September of 2021.

Deposit 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. 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

Actual Previous Highest Lowest Dates Unit Frequency
-1.00 -1.00 1.25 -1.00 2011 - 2021 percent Monthly
NSA

Norway Money Last Previous Highest Lowest Unit
Interest Rate 0.00 0.00 11.00 0.00 percent [+]
Interbank Rate 0.51 0.51 27.21 0.19 percent [+]
Money Supply M0 120719.00 115527.00 330224.00 33111.00 NOK Million [+]
Money Supply M1 2722373.00 2685093.00 2722373.00 66049.00 NOK Million [+]
Money Supply M2 2905544.00 2866491.00 2905544.00 17026.00 NOK Million [+]
Foreign Exchange Reserves 761737.00 716602.00 761737.00 21053.00 NOK Million [+]
Loans to Private Sector 1972988.00 1979879.00 1979879.00 275742.00 NOK Million [+]
Deposit Interest Rate -1.00 -1.00 1.25 -1.00 percent [+]
Lending Rate 1.00 1.00 10.00 1.00 percent [+]
Loan Growth 5.30 5.30 24.20 -4.40 percent [+]
Private Debt to GDP 316.00 293.90 316.00 196.50 percent [+]
Central Bank Balance Sheet 12883164.00 12832927.00 12883164.00 6389.00 NOK Million [+]


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.