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Key Policy Rate, interest rate central bank of Norway

Charts - historic Norges bank interest rates

Graph Norwegian interest rate - interest rates last year

Graph Norwegian interest rate - long-term graph

The current Norwegian interest rate (base rate) is 0.250 %

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. For an overview of current inflation in Norway, click here;
  • 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.

Key Policy Rate (KPR)

When reference is made to the Norwegian interest rate this often refers to the Key Policy Rate (KPR), or sight deposit rate. The most important monetary tool is the key policy 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.

This page shows the current and historic values of the Norges Bank Key Policy Rate (KPR).

For a summary of the current interest rates of a large number of central banks please click here.

Tables - current and historic interest rates of the central bank of Norway

Norges Banks interest rate changes

 change date percentage
 september 23 2021 0.250 %
 may 07 2020 0.000 %
 september 19 2019 1.500 %
 june 20 2019 1.250 %
 march 21 2019 1.000 %
 september 20 2018 0.750 %
 march 17 2016 0.500 %
 september 24 2015 0.750 %
 june 18 2015 1.000 %
 december 11 2014 1.250 %

Summary of other central banks’ interest rates

 central bank interest rate region percentage date
 FED interest rate United States 0.250 % 03-15-2020
 RBA interest rate Australia 0.100 % 11-03-2020
 BACEN interest rate Brazil 6.250 % 09-22-2021
 BoE interest rate Great Britain 0.100 % 03-19-2020
 BOC interest rate Canada 0.250 % 03-27-2020
 PBC interest rate China 3.850 % 04-20-2020
 ECB interest rate Europe 0.000 % 03-10-2016
 BoJ interest rate Japan -0.100 % 02-01-2016
 CBR interest rate Russia 7.500 % 10-22-2021
 SARB interest rate South Africa 3.500 % 07-23-2020

In order to be able to show the data on this page, we make use of a large number of sources of information that we believe to be reliable. For more information and our disclaimer, click here.

American interest rate (Fed)0.25 %03-15-2020
Australian interest rate (RBA)0.10 %11-03-2020
British interest rate (BoE)0.10 %03-19-2020
Canadian interest rate (BOC)0.25 %03-27-2020
European interest rate (ECB)-03-10-2016
Japanese interest rate (BoJ)-0.10 %02-01-2016
All central banks interest rates, click here
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