Norway interest rate: Norges Bank policy rate
The Norges Bank policy rate is 4.50%, in force since Sep 25, 2026. Source: Bank for International Settlements, data to Oct 23, 2026. Raised from 4.25% on Sep 25, 2026.
Rate changes
| Since | Policy rate | Change (percentage points) |
|---|---|---|
| Sep 25, 2026 | 4.50% | +0.25 |
| May 8, 2026 | 4.25% | +0.25 |
| Sep 19, 2025 | 4.00% | -0.25 |
| Jun 20, 2025 | 4.25% | -0.25 |
| Dec 15, 2023 | 4.50% | +0.25 |
| Sep 22, 2023 | 4.25% | +0.25 |
| Aug 18, 2023 | 4.00% | +0.25 |
| Jun 23, 2023 | 3.75% | +0.50 |
| May 5, 2023 | 3.25% | +0.25 |
| Mar 24, 2023 | 3.00% | +0.25 |
| Dec 16, 2022 | 2.75% | +0.25 |
| Nov 4, 2022 | 2.50% | +0.25 |
| Sep 23, 2022 | 2.25% | +0.50 |
| Aug 19, 2022 | 1.75% | +0.50 |
| Jun 24, 2022 | 1.25% | +0.50 |
| Mar 25, 2022 | 0.75% | +0.25 |
| Dec 17, 2021 | 0.50% | +0.25 |
| Sep 24, 2021 | 0.25% | +0.25 |
| May 8, 2020 | 0.00% | -0.25 |
| Mar 23, 2020 | 0.25% | -0.75 |
| Mar 16, 2020 | 1.00% | -0.50 |
| Sep 20, 2019 | 1.50% | +0.25 |
| Jun 21, 2019 | 1.25% | +0.25 |
| Mar 22, 2019 | 1.00% | +0.25 |
| Sep 21, 2018 | 0.75% | +0.25 |
| Mar 18, 2016 | 0.50% | -0.25 |
| Jan 4, 2016 | 0.75% | — |
Source: Bank for International Settlements (BIS), central bank policy rates, updated daily. The rate shown is the one each central bank uses to signal its policy.
Frequently asked questions
What is the interest rate in Norway?
The Norges Bank policy rate is 4.50% (since Sep 25, 2026).
When did the Norges Bank last change its policy rate?
On Sep 25, 2026, from 4.25% to 4.50%.
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