Interbank Rate in Norway remained unchanged at 4 percent on Monday May 4. Interbank Rate in Norway averaged 1.67 percent from 2011 until 2026, reaching an all time high of 4.50 percent in December of 2023 and a record low of -0.01 percent in June of 2020. source: Norges Bank

Interbank Rate in Norway is expected to be 4.25 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Norway Norwegian Overnight Weighted Average (Nowa) is projected to trend around 4.50 percent in 2027, according to our econometric models.



Related Last Previous Unit Reference
Central Bank Balance Sheet 20933788.00 21850161.00 NOK Million Mar 2026
Deposit Interest Rate 3.00 3.00 percent Apr 2026
Interbank Rate 4.00 4.00 percent May 2026
Norges Bank Interest Rate 4.00 4.00 percent Mar 2026
Lending Rate 5.00 5.00 percent Apr 2026
Loan Growth YoY 4.40 4.60 percent Mar 2026
Loans to Private Sector 2139294.00 2139291.00 NOK Million Mar 2026


Norway Norwegian Overnight Weighted Average (Nowa)
Nowa (Norwegian Overnight Weighted Average) is the interest rate on unsecured NOK loans between banks that are active in the Norwegian overnight market. Nowa is based on actual transactions reported on Norges Bank's RPD (money market data reporting) form. If there is insufficient transaction data over time to calculate Nowa, Nowa is set equal to the prevailing policy rate.
Actual Previous Highest Lowest Dates Unit Frequency
4.00 4.00 4.50 -0.01 2011 - 2026 percent Daily