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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 3.250 %

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
 may 04 2023 3.250 %
 march 23 2023 3.000 %
 december 15 2022 2.750 %
 november 03 2022 2.500 %
 september 22 2022 2.250 %
 august 18 2022 1.750 %
 june 23 2022 1.250 %
 march 24 2022 0.750 %
 december 16 2021 0.500 %
 september 23 2021 0.250 %

Summary of other central banks’ interest rates

 central bank interest rate region percentage date
 FED interest rate United States 5.250 % 05-03-2023
 RBA interest rate Australia 4.100 % 06-06-2023
 BACEN interest rate Brazil 13.750 % 08-04-2022
 BoE interest rate Great Britain 4.500 % 05-11-2023
 BOC interest rate Canada 4.500 % 01-25-2023
 PBC interest rate China 3.650 % 08-22-2022
 ECB interest rate Europe 3.750 % 05-04-2023
 BoJ interest rate Japan -0.100 % 02-01-2016
 CBR interest rate Russia 7.500 % 09-16-2022
 SARB interest rate South Africa 8.250 % 05-25-2023

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)5.25 %05-03-2023
Australian interest rate (RBA)4.10 %06-06-2023
British interest rate (BoE)4.50 %05-11-2023
Canadian interest rate (BOC)4.50 %01-25-2023
European interest rate (ECB)3.75 %05-04-2023
Japanese interest rate (BoJ)-0.10 %02-01-2016
All central banks interest rates, click here
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