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

The central bank of Norway left its benchmark interest rate on hold at 0.5 percent on May 12th, 2016 as widely expected, following a 25 bps cut in March. Policymakers said developments since last meeting were in line with expectations: inflation remains high although a stronger krone may contribute to the slowdown and the rise in oil prices may reduce uncertainty. Yet, policymakers reinforced they would not hesitate to cut rates further to boost growth. Interest Rate in Norway averaged 4.40 percent from 1991 until 2016, reaching an all time high of 11 percent in September of 1992 and a record low of 0.50 percent in March of 2016. Interest Rate in Norway is reported by the Norges Bank.

Norway Interest Rate
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Actual Previous Highest Lowest Dates Unit Frequency
0.50 0.50 11.00 0.50 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 May of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
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 0.5% 0.75% 0.5% 0.5%
2016-05-12 08:00 AM Norges Bank Interest Rate Decison 0.5% 0.5% 0.5% 0.5%
2016-06-23 09:00 AM Norges Bank Interest Rate Decison 0.5% 0.5%
2016-09-22 09:00 AM Norges Bank Interest Rate Decison 0.5%
2016-10-27 09:00 AM Norges Bank Interest Rate Decison 0.25%

Norway Money Last Previous Highest Lowest Unit
Interest Rate 0.50 0.50 11.00 0.50 percent [+]
Interbank Rate 0.98 0.99 27.21 0.94 percent [+]
Money Supply M0 89157.00 81141.00 167428.00 33111.00 NOK Million [+]
Money Supply M1 1776393.00 1776481.00 1776481.00 66049.00 NOK Million [+]
Money Supply M2 1939245.00 1931290.00 2002866.00 17026.00 NOK Million [+]
Foreign Exchange Reserves 501322.00 522784.00 531016.00 21053.00 NOK Million [+]
Loans to Private Sector 1600199.00 1604509.00 1604509.00 275742.00 NOK Million [+]
Deposit Interest Rate 2.28 5.50 12.03 1.48 percent [+]
Central Bank Balance Sheet 7679946.00 7626808.00 8013114.00 6389.00 NOK Millions [+]
Loan Growth 4.90 5.20 24.20 -4.40 percent [+]




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