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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 |
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Graph Norwegian interest rate - long-term graph |
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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. 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
| 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 % |
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Summary of other central banks’ interest rates
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