Deposit Interest Rate in Norway remained unchanged at -1 percent in June from -1 percent in May of 2021. source: Norges Bank

Deposit Interest Rate in Norway averaged -0.06 percent from 2011 until 2021, reaching an all time high of 1.25 percent in November of 2011 and a record low of -1 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 July of 2021.

Deposit Interest Rate in Norway is expected to be -0.75 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Deposit Interest Rate in Norway to stand at 0.00 in 12 months time. In the long-term, the Norway Reserve Rate is projected to trend around 0.25 percent in 2022 and 0.75 percent in 2023, according to our econometric models.

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Norway Reserve Rate

Actual Previous Highest Lowest Dates Unit Frequency
-1.00 -1.00 1.25 -1.00 2011 - 2021 percent Monthly
NSA

Norway Money Last Previous Highest Lowest Unit
Interest Rate 0.00 0.00 11.00 0.00 percent [+]
Interbank Rate 0.31 0.31 27.21 0.19 percent [+]
Money Supply M0 71710.00 74624.00 330224.00 33111.00 NOK Million [+]
Money Supply M1 2613836.00 2582130.00 2613836.00 66049.00 NOK Million [+]
Money Supply M2 2784666.00 2752550.00 2784666.00 17026.00 NOK Million [+]
Foreign Exchange Reserves 689302.00 679604.00 741729.00 21053.00 NOK Million [+]
Loans to Private Sector 1971332.00 1950458.00 1971332.00 275742.00 NOK Million [+]
Deposit Interest Rate -1.00 -1.00 1.25 -1.00 percent [+]
Lending Rate 1.00 1.00 10.00 1.00 percent [+]
Loan Growth 5.20 5.00 24.20 -4.40 percent [+]
Private Debt to GDP 316.00 293.90 316.00 196.50 percent [+]
Central Bank Balance Sheet 12417567.00 12006171.00 12417567.00 6389.00 NOK Million [+]


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.