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

The Norges Bank held its key policy rate at a record low of 0.5 percent on June 22nd, as widely expected, saying inflation is lower than expected and may continue to drift down in the months ahead. Policymakers also said low house price inflation will curb debt accumulation, but it will take time for household vulnerabilities to recede. The bank removed guidance that it could cut rates further, adding that the key policy rate is forecast to begin to rise in 2019. Interest Rate in Norway averaged 4.25 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 Forecast (i)
2017-03-16 09:00 AM Norges Bank Interest Rate Decison 0.5% 0.5% 0.5% 0.5%
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%
2017-09-21 08:00 AM Norges Bank Monetary Policy Report
2017-10-26 08:00 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 0.80 0.81 27.21 0.79 percent [+]
Money Supply M0 133845.00 80034.00 167428.00 33111.00 NOK Million [+]
Money Supply M1 1934565.00 1857704.00 1934565.00 66049.00 NOK Million [+]
Money Supply M2 2140165.00 2057179.00 2140165.00 17026.00 NOK Million [+]
Foreign Exchange Reserves 543256.00 549979.00 564659.00 21053.00 NOK Million [+]
Loans to Private Sector 1687891.00 1664686.00 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 5.70 5.40 24.20 -4.40 percent [+]


Norway Interest Rate Notes

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 August 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
Brazil 9.25 Jul/17
Russia 9.00 Jul/17
Turkey 8.00 Jul/17
Mexico 7.00 Aug/17
India 6.00 Aug/17
Indonesia 4.50 Aug/17
China 4.35 Jul/17
Australia 1.50 Aug/17
South Korea 1.25 Jul/17
United States 1.25 Jul/17
Canada 0.75 Jul/17
United Kingdom 0.25 Aug/17
Euro Area 0.00 Aug/17
France 0.00 Aug/17
Germany 0.00 Aug/17
Italy 0.00 Aug/17
Netherlands 0.00 Aug/17
Spain 0.00 Aug/17
Japan -0.10 Jul/17
Switzerland -0.75 Jul/17