Norway Interest Rate

The benchmark interest rate in Norway was last recorded at 1.50 percent. Interest Rate in Norway is reported by the Norges Bank. Interest Rate in Norway averaged 4.64 Percent from 1991 until 2014, reaching an all time high of 11 Percent in September of 1992 and a record low of 1.25 Percent in June of 2009. In Norway, interest rates decisions are taken by Central Bank of Norway (Norges Bank). The official interest rate is the key policy rate. This page provides - Norway Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-16

Actual Previous Highest Lowest Forecast Dates Unit Frequency
1.50 1.50 11.00 1.25 1.50 | 2014/04 1991 - 2014 Percent Monthly

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Norway Interest Rate
LIST BY COUNTRY


CALENDAR GMT Country Event Reference Actual Previous Consensus Forecast
2013-09-19 09:00 AM Norway
Norges Bank Interest Rate Decison
1.5% 1.5% 1.5% 1.5%
2013-10-24 09:00 AM Norway
Norges Bank Interest Rate Decison
1.5% 1.5% 1.5% 1.5%
2013-12-05 09:00 AM Norway
Norges Bank Interest Rate Decison
1.5% 1.5% 1.5% 1.5%
2014-03-27 09:00 AM Norway
Norges Bank Interest Rate Decison
1.5% 1.5% 1.5% 1.5%
2014-05-08 09:00 AM Norway
Norges Bank Interest Rate Decison
1.5% 1.5%
2014-06-19 09:00 AM Norway
Norges Bank Interest Rate Decison
1.5%
[+]

Money Last Previous Highest Lowest Forecast Unit
Interest Rate 1.50 2014-03-27 1.50 11.00 1.25 1.50 2014-04-30 Percent [+]
Foreign Exchange Reserves 377291.00 2014-03-31 370150.00 377291.00 21053.00 374934.98 2014-04-30 NOK Million [+]
Interbank Rate 1.74 2014-04-15 1.73 17.38 1.66 1.75 2014-05-31 Percent [+]
Loans to Private Sector 1449105.00 2014-02-28 1442109.00 1449594.00 275742.00 1452856.27 2014-03-31 NOK Million [+]
Money Supply M0 114398.00 2014-02-28 133917.00 167428.00 33111.00 119392.63 2014-03-31 NOK Million [+]
Money Supply M1 855342.00 2014-02-28 875557.00 895876.00 66049.00 854492.20 2014-03-31 NOK Million [+]
Money Supply M2 1877825.00 2014-02-28 1896369.00 1896369.00 17026.00 1871668.14 2014-03-31 NOK Million [+]
[+]


Interest Rate | Notes
The interest rate shown on this page refers to the central bank benchmark interest rate. Usually, the central bank benchmark interest rate is the overnight rate at which central banks make loans to the commercial banks under their jurisdiction. Moving the benchmark interest rate, the central bank is able to make an impact on interest rates of commercial banks, inflation level of the country and national currency exchange rate. Reduction of interest rates should bring increase in business activity, a rise in inflation rate and weakening of national currency. In case of increase in interest rates the level of business activity is likely to drop, inflation declines and national currency strengthens.


RELATED NEWS

Norway Imports at 46324.95 NOK Million  
Imports in Norway increased to 46324.95 NOK Million in March of 2014 from 43176.23 NOK Million in February of 2014. Imports in Norway is reported by the Statistics Norway.
Norway Exports at 77734.39 NOK Million  
Exports in Norway increased to 77734.39 NOK Million in March of 2014 from 77023.62 NOK Million in February of 2014. Exports in Norway is reported by the Statistics Norway.
Norway Balance of Trade at 31409.44 NOK Million  
Norway recorded a trade surplus of 31409.44 NOK Million in March of 2014. Balance of Trade in Norway is reported by the Statistics Norway.
Norway Crude Oil Production at 1477.00 Thousands Barrels per Day  
Crude Oil Production in Norway increased to 1477 Thousands Barrels per Day in October of 2013 from 1395 Thousands Barrels per Day in September of 2013. Crude Oil Production in Norway is reported by the U.S. Energy Information Administration.
Norway New Orders at 137.00 Index Points  
New Orders in Norway increased to 137 Index Points in the fourth quarter of 2013 from 112.90 Index Points in the third quarter of 2013. New Orders in Norway is reported by the Statistics Norway.
Norway Personal Savings at 23512.00 NOK Million  
Personal Savings in Norway increased to 23512 NOK Million in the fourth quarter of 2013 from 22621 NOK Million in the third quarter of 2013. Personal Savings in Norway is reported by the Statistics Norway.
Norway Productivity at 109.99 Index Points  
Productivity in Norway increased to 109.99 Index Points in the fourth quarter of 2013 from 109.89 Index Points in the third quarter of 2013. Productivity in Norway is reported by the Statistics Norway.
Norway Producer Prices at 247.30 Index Points  
Producer Prices in Norway decreased to 247.30 Index Points in March of 2014 from 254.60 Index Points in February of 2014. Producer Prices in Norway is reported by the Statistics Norway.
Norway Producer Prices Change at 0.08 Percent  
Producer Prices in Norway increased 0.08 percent in March of 2014 over the same month in the previous year. Producer Prices Change in Norway is reported by the Statistics Norway.
Norway Terms of Trade at 108.85 Index Points  
Terms of Trade in Norway decreased to 108.85 Index Points in the fourth quarter of 2013 from 109.27 Index Points in the third quarter of 2013. Terms of Trade in Norway is reported by the Statistics Norway.
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