Norway Interest Rate  1991-2017 | Data | Chart | Calendar | Forecast

The central bank of Norway left its key policy rate unchanged at a record low of 0.5 percent on September 21st 2017 as widely expected. Policymakers said there is a continued need for an expansionary monetary policy as capacity utilization in the Norwegian economy is on the rise but remains below a normal level, and the inflation outlook suggests it will remain below 2.5 percent in the coming years. The key policy rate is expected to be 0.5 percent over the coming year, rising gradually thereafter. Interest Rate in Norway averaged 4.24 percent from 1991 until 2017, reaching an all time high of 11 percent in September of 1992 and a record low of 0.50 percent in March of 2016.

Norway Interest Rate
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Calendar GMT Actual Previous Consensus TEForecast
2017-05-04 08:00 AM Norges Bank Interest Rate Decison 0.5% 0.5% 0.5% 0.5%
2017-06-22 08:00 AM Norges Bank Interest Rate Decison 0.5% 0.5% 0.5% 0.5%
2017-09-21 08:00 AM Norges Bank Interest Rate Decison 0.5% 0.5% 0.5% 0.5%
2017-10-26 08:00 AM Norges Bank Interest Rate Decison 0.5% 0.5%
2017-12-14 09:00 AM Norges Bank Monetary Policy Report
2017-12-14 09:00 AM Norges Bank Interest Rate Decison 0.5%


Norway Money Last Previous Highest Lowest Unit
Interest Rate 0.50 0.50 11.00 0.50 percent [+]
Interbank Rate 0.83 0.85 27.21 0.78 percent [+]
Money Supply M0 110069.00 135307.00 167428.00 33111.00 NOK Million [+]
Money Supply M1 1897707.00 1940492.00 1940492.00 66049.00 NOK Million [+]
Money Supply M2 2108465.00 2152543.00 2152543.00 17026.00 NOK Million [+]
Foreign Exchange Reserves 504467.00 515200.00 564659.00 21053.00 NOK Million [+]
Loans to Private Sector 1665699.00 1672431.00 1687891.00 275742.00 NOK Million [+]
Deposit Interest Rate -0.50 -0.50 1.25 -0.50 percent [+]
Central Bank Balance Sheet 8612075.00 8649776.00 8649776.00 6389.00 NOK Millions [+]
Private Debt to GDP 282.92 278.63 282.92 195.20 percent [+]
Lending Rate 1.50 1.50 10.00 1.50 percent [+]
Loan Growth 5.60 5.70 24.20 -4.40 percent [+]


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 October of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
0.50 0.50 11.00 0.50 1991 - 2017 percent Daily




interest rate by Country

Last
Russia 8.50 Sep/17
Brazil 8.25 Sep/17
Turkey 8.00 Sep/17
Mexico 7.00 Sep/17
India 6.00 Oct/17
China 4.35 Sep/17
Indonesia 4.25 Oct/17
Australia 1.50 Oct/17
South Korea 1.25 Oct/17
United States 1.25 Sep/17
Canada 1.00 Sep/17
United Kingdom 0.25 Sep/17
Euro Area 0.00 Sep/17
France 0.00 Sep/17
Germany 0.00 Sep/17
Italy 0.00 Sep/17
Netherlands 0.00 Sep/17
Spain 0.00 Sep/17
Japan -0.10 Sep/17
Switzerland -0.75 Sep/17