Norway Interest Rate  1991-2016 | Data | Chart | Calendar | Forecast

The central bank of Norway kept its policy rate steady at 0.75 percent for the second straight meeting on December 17th, 2015, while markets were expecting a 25 bps cut. Policymakers consider the expansionary monetary policy is supporting the economy while the krone has depreciated and inflation has picked up, but a cautious approach to interest rate setting is needed to avoid a more rapid rise in real estate prices and debt. However, the central bank said that if economic developments are broadly in line with projections, the key policy rate may be reduced in the first half of 2016. Interest Rate in Norway averaged 4.45 percent from 1991 until 2015, reaching an all time high of 11 percent in September of 1992 and a record low of 0.75 percent in September of 2015. Interest Rate in Norway is reported by the Norges Bank.

Norway Interest Rate
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Actual Previous Highest Lowest Dates Unit Frequency
0.75 0.75 11.00 0.75 1991 - 2016 percent Daily
In Norway, benchmark interest rate is set by the Central Bank of Norway (Norges Bank). The official interest rate is the key policy 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 February of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-09-24 09:00 AM Norges Bank Interest Rate Decison 0.75% 1% 1% 1%
2015-11-05 09:00 AM Norges Bank Interest Rate Decison 0.75% 0.75% 0.75% 0.75%
2015-12-17 09:00 AM Norges Bank Interest Rate Decison 0.75% 0.75% 0.5% 0.5%
2016-03-17 09:00 AM Norges Bank Interest Rate Decison 0.75% 0.75%
2016-05-12 09:00 AM Norges Bank Interest Rate Decison 0.75%
2016-06-23 09:00 AM Norges Bank Interest Rate Decison 0.75%

Norway Money Last Previous Highest Lowest Unit
Interest Rate 0.75 0.75 11.00 0.75 percent [+]
Interbank Rate 1.12 1.10 27.21 1.05 percent [+]
Money Supply M0 88461.00 86086.00 167428.00 33111.00 NOK Million [+]
Money Supply M1 1772840.00 1767051.00 1775575.00 66049.00 NOK Million [+]
Money Supply M2 1926026.00 1912793.00 2002866.00 17026.00 NOK Million [+]
Foreign Exchange Reserves 520082.00 508538.00 531016.00 21053.00 NOK Million [+]
Loans to Private Sector 1588457.00 1583242.00 1588457.00 275742.00 NOK Million [+]
Deposit Interest Rate 2.28 5.50 12.03 1.48 percent [+]
Central Bank Balance Sheet 7971260.00 7852109.00 7971260.00 6389.00 NOK Millions [+]
Loan Growth 5.30 5.40 24.20 -4.40 percent [+]




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