Norway Interest Rate 1991-2014 | Data | Chart | Calendar | Forecast

Norway’s central bank decided to cut its benchmark interest rate by 25 bps to 1.25 percent at its December 11th, 2014 meeting, the lowest since 2009. Policymakers said growth prospects have weakened as petroleum industry slowed due to lower oil prices and warned the krone depreciation may underpin inflation. Interest Rate in Norway averaged 4.56 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. Interest Rate in Norway is reported by the Norges Bank.

      Forecast    
Norway Interest Rate


Actual Previous Highest Lowest Dates Unit Frequency
1.25 1.50 11.00 1.25 1991 - 2014 percent Daily
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. Content for - Norway Interest Rate - was last refreshed on Sunday, December 21, 2014.

Calendar GMT Event Actual Previous Consensus Forecast (i)
2014-09-18 09:00 AM
Norges Bank Interest Rate Decison 
1.5% 1.5% 1.5% 1.5%
2014-10-23 09:00 AM
Norges Bank Interest Rate Decison 
1.5% 1.5% 1.5% 1.5%
2014-12-11 09:00 AM
Norges Bank Interest Rate Decison 
1.25% 1.5% 1.5% 1.5%
2015-03-27 09:00 AM
Norges Bank Interest Rate Decison 
1.25%
2015-05-08 09:00 AM
Norges Bank Interest Rate Decison 
1.25%
2015-06-19 09:00 AM
Norges Bank Interest Rate Decison 
1.5%


Norway Money Last Previous Highest Lowest Unit
Interest Rate 1.25 1.50 11.00 1.25 percent [+]
Interbank Rate 1.56 1.63 17.38 1.56 percent [+]
Money Supply M0 138810.00 122288.00 167428.00 33111.00 NOK Million [+]
Money Supply M1 886942.00 877651.00 929837.00 66049.00 NOK Million [+]
Money Supply M2 1935280.00 1928274.00 1962941.00 17026.00 NOK Million [+]
Foreign Exchange Reserves 465370.00 452821.00 465370.00 21053.00 NOK Million [+]
Loans to Private Sector 1492045.00 1479957.00 1492045.00 275742.00 NOK Million [+]
Central Bank Balance Sheet 5967088.00 5901975.00 5967088.00 6389.00 NOK Millions [+]


Interest Rate Reference Previous Highest Lowest Unit
Australia 2.50 Dec/14 2.50 17.50 2.50 percent [+]
Brazil 11.75 Dec/14 11.25 45.00 7.25 percent [+]
Canada 1.00 Dec/14 1.00 16.00 0.25 percent [+]
China 5.60 Nov/14 6.00 10.98 5.31 percent [+]
Euro Area 0.05 Dec/14 0.05 4.75 0.05 percent [+]
France 0.05 Dec/14 0.05 4.75 0.05 percent [+]
Germany 0.05 Dec/14 0.05 4.75 0.05 percent [+]
India 8.00 Dec/14 8.00 14.50 4.25 percent [+]
Indonesia 7.75 Dec/14 7.75 12.75 5.75 percent [+]
Italy 0.05 Dec/14 0.05 4.75 0.05 percent [+]
Japan 0.00 Dec/14 0.00 9.00 0.00 percent [+]
Mexico 3.00 Dec/14 3.00 9.25 3.00 percent [+]
Netherlands 0.05 Dec/14 0.05 4.75 0.05 percent [+]
Russia 17.00 Dec/14 9.50 17.00 5.00 percent [+]
South Korea 2.00 Dec/14 2.00 5.25 2.00 percent [+]
Spain 0.05 Dec/14 0.05 4.75 0.05 percent [+]
Switzerland -0.25 Dec/14 0.00 3.50 -0.25 percent [+]
Turkey 8.25 Nov/14 8.25 500.00 4.50 percent [+]
United Kingdom 0.50 Dec/14 0.50 17.00 0.50 percent [+]
United States 0.25 Dec/14 0.25 20.00 0.25 percent [+]