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.
|
Date
|
Rate
|
|---|---|
|
12-14-2023
|
4.50 %
|
|
09-21-2023
|
4.25 %
|
|
08-17-2023
|
4.00 %
|
|
06-22-2023
|
3.75 %
|
|
05-04-2023
|
3.25 %
|
|
03-23-2023
|
3.00 %
|
|
12-15-2022
|
2.75 %
|
|
11-03-2022
|
2.50 %
|
|
09-22-2022
|
2.25 %
|
|
08-18-2022
|
1.75 %
|
Chart Norges Bank Key Policy Rate
Historical interest ratesOur content is based on reliable sources. However, we do not accept liability for any errors. The content of this website is for informational purposes only and is not intended as financial advice. Decisions you make based on the information we display are always at your own expense and risk.
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.