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 December 14th 2017 as expected. Policymakers said the inflation is expected to remain below 2.5 percent in the next years although a higher rate is possible due to a weaker krone. In addition, the upturn in the economy is continuing, the output gap is narrower than projected and wage growth is likely to edge up. The Committee added that the key rate is forecast to remain at 0.5 percent until to autumn 2018, followed by a gradual increase. Interest Rate in Norway averaged 4.21 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
2017-09-21 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 0.50% 0.5% 0.50% 0.5%
2017-12-14 09:00 AM Norges Bank Interest Rate Decison 0.5% 0.5% 0.5% 0.5%
2018-01-25 09:00 AM Norges Bank Interest Rate Decison 0.5%
2018-03-15 09:00 AM Norges Bank Monetary Policy Report
2018-03-15 09:00 AM Norges Bank Interest Rate Decison


Norway Money Last Previous Highest Lowest Unit
Interest Rate 0.50 0.50 11.00 0.50 percent [+]
Interbank Rate 0.85 0.83 27.21 0.71 percent [+]
Money Supply M0 119547.00 113093.00 167428.00 33111.00 NOK Million [+]
Money Supply M1 1952419.00 1926727.00 1952419.00 66049.00 NOK Million [+]
Money Supply M2 2153773.00 2134441.00 2153773.00 17026.00 NOK Million [+]
Foreign Exchange Reserves 532771.00 520471.00 564659.00 21053.00 NOK Million [+]
Loans to Private Sector 1693864.00 1685105.00 1693864.00 275742.00 NOK Million [+]
Deposit Interest Rate -0.50 -0.50 1.25 -0.50 percent [+]
Lending Rate 1.50 1.50 10.00 1.50 percent [+]
Loan Growth 5.70 5.80 24.20 -4.40 percent [+]
Private Debt to GDP 282.92 278.63 282.92 195.20 percent [+]
Central Bank Balance Sheet 8520620.00 8220609.00 8649776.00 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 December 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
Country Last
Russia 8.25 Oct/17
Turkey 8.00 Dec/17
Mexico 7.25 Dec/17
Brazil 7.00 Dec/17
India 6.00 Dec/17
China 4.35 Nov/17
Indonesia 4.25 Dec/17
Australia 1.50 Dec/17
South Korea 1.50 Nov/17
United States 1.50 Dec/17
Canada 1.00 Dec/17
United Kingdom 0.50 Dec/17
Euro Area 0.00 Dec/17
France 0.00 Dec/17
Germany 0.00 Dec/17
Italy 0.00 Dec/17
Netherlands 0.00 Dec/17
Spain 0.00 Dec/17
Japan -0.10 Oct/17
Switzerland -0.75 Dec/17