The Norges Bank held its overnight lending rate at 2 percent during its May meeting. Lending Rate in Norway averaged 4.90 percent from 1993 until 2019, reaching an all time high of 10 percent in August of 1998 and a record low of 1.50 percent in March of 2016.
Lending Rate in Norway is expected to be 2.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Lending Rate in Norway to stand at 2.05 in 12 months time. In the long-term, the Norway Overnight Lending Rate is projected to trend around 2.25 percent in 2020, according to our econometric models.