Deposit Interest Rate in Norway remained unchanged at 3 percent in January. Deposit Interest Rate in Norway averaged 0.63 percent from 2011 until 2026, reaching an all time high of 3.50 percent in December of 2023 and a record low of -1.00 percent in May of 2020. source: Norges Bank

Deposit Interest Rate in Norway is expected to be 3.00 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 2027 and 2.00 percent in 2028, according to our econometric models.



Related Last Previous Unit Reference
Central Bank Balance Sheet 22013354.00 21948032.00 NOK Million Nov 2025
Deposit Interest Rate 3.00 3.00 percent Jan 2026
Interbank Rate 4.00 4.00 percent Feb 2026
Norges Bank Interest Rate 4.00 4.00 percent Jan 2026
Lending Rate 5.00 5.00 percent Jan 2026
Loan Growth YoY 4.40 3.90 percent Dec 2025
Loans to Private Sector 2090928.00 2083039.00 NOK Million Dec 2025


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
3.00 3.00 3.50 -1.00 2011 - 2026 percent Monthly
NSA