Deposit Interest Rate in Norway increased to 1.25 percent in September from 0.75 percent in August of 2022. source: Norges Bank

Deposit Interest Rate in Norway averaged -0.08 percent from 2011 until 2022, 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 2022.

Deposit 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. In the long-term, the Norway Reserve Rate is projected to trend around 2.25 percent in 2023 and 2.00 percent in 2024, according to our econometric models.

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Norway Reserve Rate

Related Last Previous Unit Reference
Interest Rate 2.25 1.75 percent Sep 2022
Interbank Rate 2.85 2.85 percent Sep 2022
Loans to Private Sector 2143960.00 2113399.00 NOK Million Aug 2022
Deposit Interest Rate 1.25 0.75 percent Sep 2022
Lending Rate 3.25 2.75 percent Sep 2022
Central Bank Balance Sheet 12824664.00 12919404.00 NOK Million Aug 2022
Loan Growth 5.20 5.20 percent Aug 2022

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
1.25 0.75 1.25 -1.00 2011 - 2022 percent Monthly