The Norges Bank raised its Reserve Rate by 25bps to 0.50 percent during its September meeting, the third increase this year, saying that underlying inflation is close to the inflation target while growth in the Norwegian economy remains solid and capacity utilisation is somewhat above a normal level. Deposit Interest Rate in Norway averaged 0.06 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 0.25 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 0.25 in 12 months time. In the long-term, the Norway Reserve Rate is projected to trend around 0.50 percent in 2020, according to our econometric models.

Norway Reserve Rate
width
height
Forecast Data Chart
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.


Norway Money Last Previous Highest Lowest Unit
Interest Rate 1.50 1.25 11.00 0.50 percent [+]
Money Supply M0 169002.00 135234.00 169002.00 33111.00 NOK Million [+]
Money Supply M1 2194473.00 2200446.00 2200446.00 66049.00 NOK Million [+]
Interbank Rate 1.82 1.82 27.21 0.71 percent [+]
Money Supply M2 2374034.00 2378491.00 2378491.00 17026.00 NOK Million [+]
Foreign Exchange Reserves 618951.00 617767.00 618951.00 21053.00 NOK Million [+]
Loans to Private Sector 1828121.00 1819187.00 1828121.00 275742.00 NOK Million [+]
Deposit Interest Rate 0.50 0.25 1.25 -0.50 percent [+]
Lending Rate 2.50 2.25 10.00 1.50 percent [+]
Loan Growth 5.50 5.60 24.20 -4.40 percent [+]
Private Debt to GDP 275.30 288.50 298.60 195.20 percent [+]
Central Bank Balance Sheet 10059295.00 9799260.00 10059295.00 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. This page includes a chart with historical data for Deposit Interest Rate in Norway. Norway Reserve Rate - actual data, historical chart and calendar of releases - was last updated on October of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
0.50 0.25 1.25 -0.50 2011 - 2019 percent Monthly
NSA




Country Last Previous
Argentina 57.62 Oct/19
Turkey 15.00 Sep/19
South Africa 7.00 Jul/19
Russia 5.27 Aug/19
Brazil 5.14 Jul/19
Indonesia 4.50 Sep/19
Mexico 3.70 Jul/19
Saudi Arabia 3.40 Oct/19
Canada 1.83 Oct/19
South Korea 1.81 Jul/19
Australia 1.35 Sep/19
United Kingdom 0.50 Sep/19
China 0.35 Sep/19
Singapore 0.20 Aug/19
Japan -0.13 Oct/19
Switzerland -0.41 Aug/19
Euro Area -0.50 Sep/19


Related

Latest