The Norges Bank left its key policy rate steady at 0% on March 18th 2021, in line with market forecasts. Policymakers noted that activity has picked up since spring 2020, but the recovery is being held back by higher infection rates and strict containment measures. Also, underlying inflation is still above the target, but has moderated in recent months. On the other hand, there are prospects that economic activity will approach a normal level earlier than projected and the policy rate will most likely be raised in the latter half of 2021. source: Norges Bank
Interest Rate in Norway averaged 3.89 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 May 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 0.50 in 12 months time. In the long-term, the Norway Interest Rate is projected to trend around 0.75 percent in 2022 and 1.25 percent in 2023, according to our econometric models.