The Norges Bank held its benchmark interest rate at 1.25 percent during its August meeting, following a 25bps hike in June, saying that capacity utilisation in the Norwegian economy was somewhat above a normal level while underlying inflation was slightly above the 2 percent target. The bank also said that the policy rate would most likely be increased further in the course of 2019 despite deepening trade tensions and Brexit uncertainty. Interest Rate in Norway averaged 4.05 percent from 1991 until 2019, reaching an all time high of 11 percent in September of 1992 and a record low of 0.50 percent in March of 2016.

Interest Rate in Norway is expected to be 1.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Interest Rate in Norway to stand at 1.50 in 12 months time. In the long-term, the Norway Interest Rate is projected to trend around 1.75 percent in 2020, according to our econometric models.

Norway Interest Rate
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Calendar GMT Actual Previous Consensus TEForecast
2019-03-21 09:00 AM Norges Bank Interest Rate Decison 1% 0.75% 1% 1%
2019-05-09 08:00 AM Norges Bank Interest Rate Decison 1% 1% 1% 1%
2019-06-20 08:00 AM Norges Bank Interest Rate Decison 1.25% 1% 1.25% 1.25%
2019-08-15 08:00 AM Norges Bank Interest Rate Decison 1.25% 1.25% 1.25% 1.25%
2019-09-19 08:00 AM Norges Bank Monetary Policy Report
2019-09-19 08:00 AM Norges Bank Interest Rate Decison 1.25% 1.5% 1.5%
2019-10-24 08:00 AM Norges Bank Interest Rate Decison 1.5%


Norway Money Last Previous Highest Lowest Unit
Interest Rate 1.25 1.25 11.00 0.50 percent [+]
Money Supply M0 135234.00 112844.00 167428.00 33111.00 NOK Million [+]
Money Supply M1 2200446.00 2183270.00 2200446.00 66049.00 NOK Million [+]
Interbank Rate 1.62 1.65 27.21 0.71 percent [+]
Money Supply M2 2378491.00 2358949.00 2378491.00 17026.00 NOK Million [+]
Foreign Exchange Reserves 617767.00 587460.00 617767.00 21053.00 NOK Million [+]
Loans to Private Sector 1819187.00 1822177.00 1822177.00 275742.00 NOK Million [+]
Deposit Interest Rate 0.25 0.25 1.25 -0.50 percent [+]
Lending Rate 2.25 2.25 10.00 1.50 percent [+]
Loan Growth 5.60 5.70 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 Interest Rate

In Norway, benchmark interest rate is set by the Central Bank of Norway (Norges Bank). The official interest rate is the key policy rate, also known as sight deposit rate. . This page provides the latest reported value for - Norway Interest Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Norway Interest Rate - actual data, historical chart and calendar of releases - was last updated on September of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
1.25 1.25 11.00 0.50 1991 - 2019 percent Daily




Country Last Previous
Argentina 83.46 Sep/19
Turkey 16.50 Sep/19
Mexico 8.00 Aug/19
Russia 7.00 Sep/19
South Africa 6.50 Aug/19
Brazil 6.00 Aug/19
Indonesia 5.50 Aug/19
India 5.40 Aug/19
China 4.25 Sep/19
Saudi Arabia 2.75 Aug/19
United States 2.25 Aug/19
Canada 1.75 Sep/19
Singapore 1.74 Aug/19
South Korea 1.50 Aug/19
Australia 1.00 Sep/19
United Kingdom 0.75 Aug/19
Euro Area 0.00 Sep/19
France 0.00 Sep/19
Germany 0.00 Sep/19
Italy 0.00 Sep/19
Netherlands 0.00 Sep/19
Spain 0.00 Sep/19
Japan -0.10 Aug/19
Switzerland -0.75 Aug/19


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