Norway Interest Rate  1991-2018 | Data | Chart | Calendar | Forecast

The Norges Bank raised its key policy rate to 0.75 percent from 0.5 percent on September 20th 2018, as widely expected, but at the same time it signaled slower pace of hikes in the next few years. It was the first rise in borrowing costs since 2011, as inflation is close to the 2 percent target and economic activity continues to strengthen. The next rate hike will 'most likely' be in Q1 2019, followed by a gradual hikes to reach around 2% at the end of 2021. Earlier, the borrowing cost was seen above 2% in 2021. Interest Rate in Norway averaged 4.13 percent from 1991 until 2018, 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
2018-06-21 08:00 AM Norges Bank Interest Rate Decison 0.5% 0.5% 0.5% 0.5%
2018-08-16 08:00 AM Norges Bank Interest Rate Decison 0.5% 0.5% 0.5% 0.5%
2018-09-20 08:00 AM Norges Bank Interest Rate Decison 0.75% 0.5% 0.75% 0.75%
2018-10-25 08:00 AM Norges Bank Interest Rate Decison 0.75% 0.75%
2018-12-13 09:00 AM Norges Bank Monetary Policy Report
2018-12-13 09:00 AM Norges Bank Interest Rate Decison 0.75%


Norway Money Last Previous Highest Lowest Unit
Interest Rate 0.75 0.50 11.00 0.50 percent [+]
Interbank Rate 1.11 1.12 27.21 0.71 percent [+]
Money Supply M0 95740.00 98786.00 167428.00 33111.00 NOK Million [+]
Money Supply M1 2124180.00 2124499.00 2124499.00 66049.00 NOK Million [+]
Money Supply M2 2278252.00 2278427.00 2278427.00 17026.00 NOK Million [+]
Foreign Exchange Reserves 553510.00 537622.00 564659.00 21053.00 NOK Million [+]
Loans to Private Sector 1765840.00 1771778.00 1771778.00 275742.00 NOK Million [+]
Deposit Interest Rate -0.25 -0.25 1.25 -0.50 percent [+]
Lending Rate 1.75 1.50 10.00 1.50 percent [+]
Loan Growth 5.70 5.90 24.20 -4.40 percent [+]
Private Debt to GDP 284.60 294.59 294.59 195.20 percent [+]
Central Bank Balance Sheet 9067423.00 8924154.00 9083028.00 6389.00 NOK Millions [+]


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 2018.

Actual Previous Highest Lowest Dates Unit Frequency
0.75 0.50 11.00 0.50 1991 - 2018 percent Daily




interest rate by Country
Country Last
Argentina 60.00 Sep/18
Turkey 24.00 Sep/18
Mexico 7.75 Aug/18
Russia 7.50 Sep/18
Brazil 6.50 Sep/18
India 6.50 Aug/18
South Africa 6.50 Sep/18
Indonesia 5.50 Aug/18
China 4.35 Aug/18
Saudi Arabia 2.50 Aug/18
United States 2.00 Aug/18
Australia 1.50 Sep/18
Canada 1.50 Sep/18
South Korea 1.50 Aug/18
Singapore 1.06 Aug/18
United Kingdom 0.75 Sep/18
Euro Area 0.00 Sep/18
France 0.00 Sep/18
Germany 0.00 Sep/18
Italy 0.00 Sep/18
Netherlands 0.00 Sep/18
Spain 0.00 Sep/18
Japan -0.10 Sep/18
Switzerland -0.75 Sep/18


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