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

The Norges Bank held its key policy rate at a record low of 0.5 percent on June 21st 2018, in line with market expectations. Policymakers said the upturn in the Norwegian economy is continuing. Capacity utilization appears to be close to a normal level and is likely rising faster than expected. Underlying inflation is lower than the inflation target, but rising capacity utilization implies an increase in price and wage inflation further out. The central bank added that the outlook for the Norwegian economy suggests that it will soon be appropriate to raise the key policy rate, most likely in September of 2018. Interest Rate in Norway averaged 4.15 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
2018-03-15 09:00 AM Norges Bank Interest Rate Decison 0.5% 0.5% 0.5% 0.5%
2018-05-03 08:00 AM Norges Bank Interest Rate Decison 0.5% 0.5% 0.5% 0.5%
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%
2018-09-20 08:00 AM Norges Bank Interest Rate Decison 0.75%
2018-09-20 08:00 AM Norges Bank Monetary Policy Report


Norway Money Last Previous Highest Lowest Unit
Interest Rate 0.50 0.50 11.00 0.50 percent [+]
Interbank Rate 1.04 1.04 27.21 0.71 percent [+]
Money Supply M0 74875.00 79240.00 167428.00 33111.00 NOK Million [+]
Money Supply M1 2057316.00 2065188.00 2065188.00 66049.00 NOK Million [+]
Money Supply M2 2208440.00 2215402.00 2215402.00 17026.00 NOK Million [+]
Foreign Exchange Reserves 536840.00 548126.00 564659.00 21053.00 NOK Million [+]
Loans to Private Sector 1761178.00 1753906.00 1761178.00 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 6.00 6.30 24.20 -4.40 percent [+]
Private Debt to GDP 286.78 294.81 294.81 195.20 percent [+]
Central Bank Balance Sheet 8903639.00 8700558.00 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 July of 2018.

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




interest rate by Country
Country Last
Turkey 17.75 Jun/18
Mexico 7.75 Jun/18
Russia 7.25 Jun/18
Brazil 6.50 Jun/18
India 6.25 Jun/18
Indonesia 5.25 Jun/18
China 4.35 Jun/18
United States 2.00 Jun/18
Australia 1.50 Jul/18
Canada 1.50 Jul/18
South Korea 1.50 Jul/18
United Kingdom 0.50 Jul/18
Euro Area 0.00 Jun/18
France 0.00 Jun/18
Germany 0.00 Jun/18
Italy 0.00 Jun/18
Netherlands 0.00 Jun/18
Spain 0.00 Jun/18
Japan -0.10 Jun/18
Switzerland -0.75 Jun/18


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