Policy rate in Norway

Banco de Noruega · Mensual

4.25% (Jul-26) ABS · % · Mensual · CSV

About this indicator

Source	Norges Bank
Frequency	Mensual
Release	En las fechas de las reuniones de política monetaria del banco central.
What it is	The official policy rate set by Norges Bank, Norway's central bank. It is the benchmark rate (the rate on banks' sight deposits at the central bank) through which it conducts monetary policy, and it is the reference price of money in the Norwegian economy.
How it's calculated	It is not calculated statistically: it is decided by the Norges Bank monetary policy committee at its scheduled meetings, in light of its price stability objective and economic conditions. It is expressed as a percentage.
Market implications	Changes in the policy rate feed through to market rates, credit, the Norwegian krone and, through them, to consumption, investment, employment and prices. It is the main tool of monetary policy: a hike or a more hawkish stance than expected tends to strengthen the krone.
Limitations	The policy rate is a discretionary decision whose effects on the economy act with long and variable lags, and it must be coordinated with fiscal policy to achieve the best outcomes.