Norges Bank Key Policy Rate - Norway Norwegian Central Bank interest rate

This page shows the current and historic values of the Key Policy Rate as set by the Norwegian Central Bank (Norges Bank). The Key Policy Rate is often regarded as the most important interest rate of the Norges Bank.

The current interest rates of more central banks

Current Norges Bank Key Policy Rate
4.50 %
4.25 %
4.00 %
3.75 %
3.25 %
3.00 %
2.75 %
2.50 %
2.25 %
1.75 %

Chart Norges Bank Key Policy Rate

Historical interest rates

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Norges Bank

The central bank of Norway is Norges Bank. The bank is aiming to achieve economic stability. Its main tasks are:

  • achieving price stability - moderate inflation - through monetary policy;
  • achieving financial stability;
  • managing the portfolios of the GPFG, the Norwegian pension fund, foreign currency reserves and reserves of the central bank and the Government Petroleum Insurance Fund.

Current and historical Norwegian inflation rates

Norges Bank Key Policy Rate

When reference is made to the Norwegian interest rate this often refers to the Key Policy Rate, or sight deposit rate. The Key Policy Rate is a base rate, an interest rate which is being calculated on bank deposits of the Norges Bank. By changing the interest rate the central bank of Norway can influence the market interest rate and the interest rate on savings accounts, mortgages and loans. Changing the base rate, will often also lead to fluctuations in the Norwegian Krone exchange rate.