Flag of no

Norway Interest Rate

Norges Bank lowered its policy rate to 4% in September 2025 from 4.25% in August 2025. This cautious easing supports stronger than projected economic growth. Inflation remains above the 2% target, indicating a continued need for restrictive monetary policy. The central bank aims to avoid excessive economic restraint. Norway's record low interest rate was 0% in May 2020 and record high was 11% in September 1992.

Historical Data (1991-2025)

(in %)
Date Interest Rate
Sep 18, 2025 4%
Aug 14, 2025 4.25%
Jun 19, 2025 4.25%
May 08, 2025 4.5%
Mar 27, 2025 4.5%
Jan 23, 2025 4.5%
Dec 19, 2024 4.5%
Nov 07, 2024 4.5%
Sep 19, 2024 4.5%
Aug 15, 2024 4.5%
Jun 20, 2024 4.5%
May 03, 2024 4.5%
Mar 21, 2024 4.5%
Jan 25, 2024 4.5%
Dec 14, 2023 4.5%
Nov 02, 2023 4.25%
Sep 21, 2023 4.25%
Aug 17, 2023 4%
Jun 22, 2023 3.75%
May 04, 2023 3.25%
Mar 23, 2023 3%
Jan 19, 2023 2.75%
Dec 15, 2022 2.75%
Nov 03, 2022 2.5%
Sep 22, 2022 2.25%
Aug 18, 2022 1.75%
Jun 23, 2022 1.25%
May 05, 2022 0.75%
Mar 24, 2022 0.75%
Jan 20, 2022 0.5%
Dec 16, 2021 0.5%
Nov 04, 2021 0.25%
Sep 23, 2021 0.25%
Aug 19, 2021 0%
Jun 17, 2021 0%
May 06, 2021 0%
Mar 18, 2021 0%
Jan 21, 2021 0%
Dec 17, 2020 0%
Nov 05, 2020 0%
Sep 24, 2020 0%
Aug 20, 2020 0%
Jun 18, 2020 0%
May 07, 2020 0%
Mar 20, 2020 0.25%
Feb 29, 2020 1.5%
Jan 23, 2020 1.5%
Dec 19, 2019 1.5%
Oct 24, 2019 1.5%
Sep 19, 2019 1.5%
Aug 15, 2019 1.25%
Jun 20, 2019 1.25%
May 09, 2019 1%
Mar 21, 2019 1%
Jan 24, 2019 0.75%
Dec 13, 2018 0.75%
Oct 25, 2018 0.75%
Sep 20, 2018 0.75%
Aug 16, 2018 0.5%
Jun 21, 2018 0.5%
May 03, 2018 0.5%
Mar 15, 2018 0.5%
Jan 25, 2018 0.5%
Dec 14, 2017 0.5%
Oct 26, 2017 0.5%
Sep 21, 2017 0.5%
Jul 31, 2017 0.5%
Jun 22, 2017 0.5%
May 04, 2017 0.5%
Mar 16, 2017 0.5%
Jan 31, 2017 0.5%
Dec 15, 2016 0.5%
Oct 27, 2016 0.5%
Sep 22, 2016 0.5%
Jul 31, 2016 0.5%
Jun 23, 2016 0.5%
May 12, 2016 0.5%
Mar 17, 2016 0.5%
Jan 31, 2016 0.75%
Dec 17, 2015 0.75%
Nov 05, 2015 0.75%
Sep 24, 2015 0.75%
Jun 18, 2015 1%
Dec 11, 2014 1.25%
Mar 14, 2012 1.5%
Dec 14, 2011 1.75%
May 12, 2011 2.25%
May 06, 2010 2%
Dec 17, 2009 1.75%
Oct 29, 2009 1.5%
Jun 18, 2009 1.25%
May 07, 2009 1.5%
Mar 26, 2009 2%
Feb 05, 2009 2.5%
Dec 18, 2008 3%
Oct 30, 2008 4.75%
Oct 16, 2008 5.25%
Jun 26, 2008 5.75%
Apr 24, 2008 5.5%
Dec 13, 2007 5.25%
Sep 27, 2007 5%
Aug 16, 2007 4.75%
Jun 28, 2007 4.5%
Mar 16, 2007 4%
Jan 25, 2007 3.75%
Dec 14, 2006 3.5%
Nov 02, 2006 3.25%
Aug 17, 2006 3%
Jun 01, 2006 2.75%
Mar 17, 2006 2.5%
Nov 03, 2005 2.25%
Jul 01, 2005 2%
Mar 12, 2004 1.75%
Jan 29, 2004 2%
Dec 18, 2003 2.25%
Sep 18, 2003 2.5%
Aug 13, 2003 3%
Jun 26, 2003 4%
May 02, 2003 5%
Mar 06, 2003 5.5%
Jan 23, 2003 6%
Dec 12, 2002 6.5%
Jul 04, 2002 7%
Dec 13, 2001 6.5%
Sep 21, 2000 7%
Aug 10, 2000 6.75%
Jun 15, 2000 6.25%
Apr 13, 2000 5.75%
Sep 23, 1999 5.5%
Jun 17, 1999 6%
Apr 26, 1999 6.5%
Mar 03, 1999 7%
Jan 28, 1999 7.5%
Aug 25, 1998 8%
Aug 12, 1998 5.5%
Jul 06, 1998 5%
May 25, 1998 4.25%
Mar 19, 1998 3.75%
Jul 16, 1997 3.5%
Jan 10, 1997 3.25%
Nov 06, 1996 4%
Mar 08, 1996 4.5%
Feb 09, 1994 4.75%
Dec 30, 1993 5%
Nov 19, 1993 4.75%
Oct 26, 1993 5%
Aug 03, 1993 5.5%
Jun 29, 1993 6%
Jun 22, 1993 6.25%
Jun 21, 1993 6.42%
Jun 15, 1993 6.5%
Jun 14, 1993 6.67%
Apr 29, 1993 6.75%
Apr 26, 1993 7.17%
Apr 20, 1993 7.25%
Mar 12, 1993 7.75%
Mar 08, 1993 8.17%
Feb 23, 1993 8.25%
Feb 22, 1993 8.42%
Feb 09, 1993 8.5%
Feb 08, 1993 8.67%
Feb 03, 1993 8.75%
Nov 10, 1992 9%
Nov 03, 1992 9.5%
Nov 02, 1992 9.83%
Oct 28, 1992 10%
Sep 08, 1992 11%
Apr 01, 1992 9%
Jan 08, 1992 10%
Sep 19, 1991 8.5%
May 28, 1991 8%
Apr 29, 1991 8.25%
Jan 01, 1991 8.5%

Recent Events

datetime event actual previous consensus
2025-09-18 04:00 AM Norges Bank Interest Rate Decision 4% 4.25% 4%

Next Release Date :

Norway Interest Rate : Definition
The Interest Rate set by the Central Bank of Norway is the benchmark cost of borrowing in the economy. It influences lending, spending, investment, inflation, and overall financial stability.
Indicator Last Value Prior Value Period
Current Account to GDP Ratio 16.7% 17.4% Dec'24
Debt to GDP Ratio 55.1% 44.5% Dec'24
Private Credit (% GDP) 128.83% 127.43% 2024