Deposit Interest Rate in Norway remained unchanged at 1.75 percent in January from 1.75 percent in December of 2022. source: Norges Bank

Deposit Interest Rate in Norway averaged -0.03 percent from 2011 until 2023, reaching an all time high of 1.75 percent in December of 2022 and a record low of -1.00 percent in May of 2020. This page includes a chart with historical data for Deposit Interest Rate in Norway. Norway Reserve Rate - values, historical data and charts - was last updated on February of 2023.

Deposit Interest 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.

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Norway Reserve Rate

Related Last Previous Unit Reference
Interest Rate 2.75 2.75 percent Jan 2023
Interbank Rate 3.19 3.19 percent Feb 2023
Loans to Private Sector 2173149.00 2173570.00 NOK Million Dec 2022
Deposit Interest Rate 1.75 1.75 percent Jan 2023
Lending Rate 3.75 3.75 percent Jan 2023
Loan Growth 5.50 5.40 percent Dec 2022
Central Bank Balance Sheet 13693503.00 13226032.00 NOK Million Nov 2022

Norway Reserve Rate
In Norway, the Reserve Rate refers to the interest rate banks receive on deposits in excess of their individual quotas in Norges Bank.
Actual Previous Highest Lowest Dates Unit Frequency
1.75 1.75 1.75 -1.00 2011 - 2023 percent Monthly