The Norges Bank kept its benchmark policy rate unchanged at 0 percent during its January 2021 meeting, in line with expectations. Policymakers said economic developments have so far been broadly in line with the December projections. After rising for several months, activity in the Norwegian economy fell again towards the end of 2020 and the recovery is now being held back by higher infection rates and stricter containment measures. At the same time, vaccination is well under way, and economic growth is expected to pick up further in 2021. Underlying inflation is above the target, but the krone appreciation and prospects for low wage growth suggest that it will moderate ahead. source: Norges Bank
Interest Rate in Norway averaged 3.91 percent from 1991 until 2021, reaching an all time high of 11 percent in September of 1992 and a record low of 0 percent in May of 2020. This page provides the latest reported value for - Norway Interest Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Norway Interest Rate - data, historical chart, forecasts and calendar of releases - was last updated on February of 2021.
Interest Rate in Norway is expected to be 0.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Interest Rate in Norway to stand at 0.00 in 12 months time. In the long-term, the Norway Interest Rate is projected to trend around 0.00 percent in 2022, according to our econometric models.