The Norges Bank held its reserve rate at 0.0 percent during its May meeting. Deposit Interest Rate in Norway averaged 0.05 percent from 2011 until 2019, reaching an all time high of 1.25 percent in November of 2011 and a record low of -0.50 percent in March of 2016.
Deposit Interest Rate in Norway is expected to be 0.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Deposit Interest Rate in Norway to stand at 0.05 in 12 months time. In the long-term, the Norway Reserve Rate is projected to trend around 0.25 percent in 2020, according to our econometric models.