Data / Central bank policy rate / Norway

Central bank policy rate in Norway

Central bank policy rate in Norway was 4.5% in September 2026, according to Bank for International Settlements. That is up 0.5 pts from September 2025. That is the 15th highest of 36 countries in July 2026.

September 20264.5%
Change on September 2025+0.5 pts
Rank15th of 36Countries ranked
Series high17November 1992
Series low0May 2020

Central bank policy rate in Norway, March 1986 to September 2026

CSVChart (SVG)

051015201986-031992-011997-112003-092009-072015-052021-032026-091986-03: 13 %1986-04: 13 %1986-05: 14 %1986-06: 14 %1986-07: 14 %1986-08: 14 %1986-09: 14 %1986-10: 14 %1986-11: 14 %1986-12: 14.8 %1987-01: 14.5 %1987-02: 13.8 %1987-03: 13.8 %1987-04: 13.8 %1987-05: 13.8 %1987-06: 13.8 %1987-07: 13.8 %1987-08: 13.8 %1987-09: 13.8 %1987-10: 13.8 %1987-11: 13.8 %1987-12: 13.8 %1988-01: 13.8 %1988-02: 13.8 %1988-03: 13.8 %1988-04: 13.8 %1988-05: 13.3 %1988-06: 12.8 %1988-07: 12.8 %1988-08: 12.8 %1988-09: 12.8 %1988-10: 12.4 %1988-11: 12.4 %1988-12: 12 %1989-01: 11.5 %1989-02: 11 %1989-03: 11 %1989-04: 11 %1989-05: 10.5 %1989-06: 10 %1989-07: 10 %1989-08: 10 %1989-09: 10 %1989-10: 10 %1989-11: 11 %1989-12: 11 %1990-01: 11 %1990-02: 11 %1990-03: 11 %1990-04: 11 %1990-05: 11 %1990-06: 11 %1990-07: 11 %1990-08: 10.5 %1990-09: 10.5 %1990-10: 10.5 %1990-11: 10.5 %1990-12: 10.5 %1991-01: 10.5 %1991-02: 10.5 %1991-03: 10.2 %1991-04: 9.75 %1991-05: 9.5 %1991-06: 9.5 %1991-07: 9.5 %1991-08: 9.5 %1991-09: 10 %1991-10: 10 %1991-11: 10 %1991-12: 10 %1992-01: 10 %1992-02: 10 %1992-03: 10 %1992-04: 10 %1992-05: 10 %1992-06: 10 %1992-07: 10 %1992-08: 10 %1992-09: 11 %1992-10: 11 %1992-11: 17 %1992-12: 11 %1993-01: 10 %1993-02: 9.25 %1993-03: 8.75 %1993-04: 7.75 %1993-05: 7.5 %1993-06: 6 %1993-07: 6 %1993-08: 5.5 %1993-09: 5.5 %1993-10: 5 %1993-11: 4.75 %1993-12: 5 %1994-01: 5 %1994-02: 4.75 %1994-03: 4.75 %1994-04: 4.75 %1994-05: 4.75 %1994-06: 4.75 %1994-07: 4.75 %1994-08: 4.75 %1994-09: 4.75 %1994-10: 4.75 %1994-11: 4.75 %1994-12: 4.75 %1995-01: 4.75 %1995-02: 4.75 %1995-03: 4.75 %1995-04: 4.75 %1995-05: 4.75 %1995-06: 4.75 %1995-07: 4.75 %1995-08: 4.75 %1995-09: 4.75 %1995-10: 4.75 %1995-11: 4.75 %1995-12: 4.75 %1996-01: 4.75 %1996-02: 4.75 %1996-03: 4.5 %1996-04: 4.5 %1996-05: 4.5 %1996-06: 4.5 %1996-07: 4.5 %1996-08: 4.5 %1996-09: 4.5 %1996-10: 4.5 %1996-11: 4 %1996-12: 4 %1997-01: 3.25 %1997-02: 3.25 %1997-03: 3.25 %1997-04: 3.25 %1997-05: 3.25 %1997-06: 3.25 %1997-07: 3.5 %1997-08: 3.5 %1997-09: 3.5 %1997-10: 3.5 %1997-11: 3.5 %1997-12: 3.5 %1998-01: 3.5 %1998-02: 3.5 %1998-03: 3.75 %1998-04: 3.75 %1998-05: 4.25 %1998-06: 4.5 %1998-07: 5 %1998-08: 8 %1998-09: 8 %1998-10: 8 %1998-11: 8 %1998-12: 8 %1999-01: 7.5 %1999-02: 7.5 %1999-03: 7 %1999-04: 6.5 %1999-05: 6.5 %1999-06: 6 %1999-07: 6 %1999-08: 6 %1999-09: 5.5 %1999-10: 5.5 %1999-11: 5.5 %1999-12: 5.5 %2000-01: 5.5 %2000-02: 5.5 %2000-03: 5.5 %2000-04: 5.75 %2000-05: 5.75 %2000-06: 6.25 %2000-07: 6.25 %2000-08: 6.75 %2000-09: 7 %2000-10: 7 %2000-11: 7 %2000-12: 7 %2001-01: 7 %2001-02: 7 %2001-03: 7 %2001-04: 7 %2001-05: 7 %2001-06: 7 %2001-07: 7 %2001-08: 7 %2001-09: 7 %2001-10: 7 %2001-11: 7 %2001-12: 6.5 %2002-01: 6.5 %2002-02: 6.5 %2002-03: 6.5 %2002-04: 6.5 %2002-05: 6.5 %2002-06: 6.5 %2002-07: 7 %2002-08: 7 %2002-09: 7 %2002-10: 7 %2002-11: 7 %2002-12: 6.5 %2003-01: 6 %2003-02: 6 %2003-03: 5.5 %2003-04: 5.5 %2003-05: 5 %2003-06: 4 %2003-07: 4 %2003-08: 3 %2003-09: 2.5 %2003-10: 2.5 %2003-11: 2.5 %2003-12: 2.25 %2004-01: 2 %2004-02: 2 %2004-03: 1.75 %2004-04: 1.75 %2004-05: 1.75 %2004-06: 1.75 %2004-07: 1.75 %2004-08: 1.75 %2004-09: 1.75 %2004-10: 1.75 %2004-11: 1.75 %2004-12: 1.75 %2005-01: 1.75 %2005-02: 1.75 %2005-03: 1.75 %2005-04: 1.75 %2005-05: 1.75 %2005-06: 1.75 %2005-07: 2 %2005-08: 2 %2005-09: 2 %2005-10: 2 %2005-11: 2.25 %2005-12: 2.25 %2006-01: 2.25 %2006-02: 2.25 %2006-03: 2.5 %2006-04: 2.5 %2006-05: 2.5 %2006-06: 2.75 %2006-07: 2.75 %2006-08: 3 %2006-09: 3 %2006-10: 3 %2006-11: 3.25 %2006-12: 3.5 %2007-01: 3.75 %2007-02: 3.75 %2007-03: 4 %2007-04: 4 %2007-05: 4.25 %2007-06: 4.5 %2007-07: 4.5 %2007-08: 4.75 %2007-09: 5 %2007-10: 5 %2007-11: 5 %2007-12: 5.25 %2008-01: 5.25 %2008-02: 5.25 %2008-03: 5.25 %2008-04: 5.5 %2008-05: 5.5 %2008-06: 5.75 %2008-07: 5.75 %2008-08: 5.75 %2008-09: 5.75 %2008-10: 4.75 %2008-11: 4.75 %2008-12: 3 %2009-01: 3 %2009-02: 2.5 %2009-03: 2 %2009-04: 2 %2009-05: 1.5 %2009-06: 1.25 %2009-07: 1.25 %2009-08: 1.25 %2009-09: 1.25 %2009-10: 1.5 %2009-11: 1.5 %2009-12: 1.75 %2010-01: 1.75 %2010-02: 1.75 %2010-03: 1.75 %2010-04: 1.75 %2010-05: 2 %2010-06: 2 %2010-07: 2 %2010-08: 2 %2010-09: 2 %2010-10: 2 %2010-11: 2 %2010-12: 2 %2011-01: 2 %2011-02: 2 %2011-03: 2 %2011-04: 2 %2011-05: 2.25 %2011-06: 2.25 %2011-07: 2.25 %2011-08: 2.25 %2011-09: 2.25 %2011-10: 2.25 %2011-11: 2.25 %2011-12: 1.75 %2012-01: 1.75 %2012-02: 1.75 %2012-03: 1.5 %2012-04: 1.5 %2012-05: 1.5 %2012-06: 1.5 %2012-07: 1.5 %2012-08: 1.5 %2012-09: 1.5 %2012-10: 1.5 %2012-11: 1.5 %2012-12: 1.5 %2013-01: 1.5 %2013-02: 1.5 %2013-03: 1.5 %2013-04: 1.5 %2013-05: 1.5 %2013-06: 1.5 %2013-07: 1.5 %2013-08: 1.5 %2013-09: 1.5 %2013-10: 1.5 %2013-11: 1.5 %2013-12: 1.5 %2014-01: 1.5 %2014-02: 1.5 %2014-03: 1.5 %2014-04: 1.5 %2014-05: 1.5 %2014-06: 1.5 %2014-07: 1.5 %2014-08: 1.5 %2014-09: 1.5 %2014-10: 1.5 %2014-11: 1.5 %2014-12: 1.25 %2015-01: 1.25 %2015-02: 1.25 %2015-03: 1.25 %2015-04: 1.25 %2015-05: 1.25 %2015-06: 1 %2015-07: 1 %2015-08: 1 %2015-09: 0.75 %2015-10: 0.75 %2015-11: 0.75 %2015-12: 0.75 %2016-01: 0.75 %2016-02: 0.75 %2016-03: 0.5 %2016-04: 0.5 %2016-05: 0.5 %2016-06: 0.5 %2016-07: 0.5 %2016-08: 0.5 %2016-09: 0.5 %2016-10: 0.5 %2016-11: 0.5 %2016-12: 0.5 %2017-01: 0.5 %2017-02: 0.5 %2017-03: 0.5 %2017-04: 0.5 %2017-05: 0.5 %2017-06: 0.5 %2017-07: 0.5 %2017-08: 0.5 %2017-09: 0.5 %2017-10: 0.5 %2017-11: 0.5 %2017-12: 0.5 %2018-01: 0.5 %2018-02: 0.5 %2018-03: 0.5 %2018-04: 0.5 %2018-05: 0.5 %2018-06: 0.5 %2018-07: 0.5 %2018-08: 0.5 %2018-09: 0.75 %2018-10: 0.75 %2018-11: 0.75 %2018-12: 0.75 %2019-01: 0.75 %2019-02: 0.75 %2019-03: 1 %2019-04: 1 %2019-05: 1 %2019-06: 1.25 %2019-07: 1.25 %2019-08: 1.25 %2019-09: 1.5 %2019-10: 1.5 %2019-11: 1.5 %2019-12: 1.5 %2020-01: 1.5 %2020-02: 1.5 %2020-03: 0.25 %2020-04: 0.25 %2020-05: 0 %2020-06: 0 %2020-07: 0 %2020-08: 0 %2020-09: 0 %2020-10: 0 %2020-11: 0 %2020-12: 0 %2021-01: 0 %2021-02: 0 %2021-03: 0 %2021-04: 0 %2021-05: 0 %2021-06: 0 %2021-07: 0 %2021-08: 0 %2021-09: 0.25 %2021-10: 0.25 %2021-11: 0.25 %2021-12: 0.5 %2022-01: 0.5 %2022-02: 0.5 %2022-03: 0.75 %2022-04: 0.75 %2022-05: 0.75 %2022-06: 1.25 %2022-07: 1.25 %2022-08: 1.75 %2022-09: 2.25 %2022-10: 2.25 %2022-11: 2.5 %2022-12: 2.75 %2023-01: 2.75 %2023-02: 2.75 %2023-03: 3 %2023-04: 3 %2023-05: 3.25 %2023-06: 3.75 %2023-07: 3.75 %2023-08: 4 %2023-09: 4.25 %2023-10: 4.25 %2023-11: 4.25 %2023-12: 4.5 %2024-01: 4.5 %2024-02: 4.5 %2024-03: 4.5 %2024-04: 4.5 %2024-05: 4.5 %2024-06: 4.5 %2024-07: 4.5 %2024-08: 4.5 %2024-09: 4.5 %2024-10: 4.5 %2024-11: 4.5 %2024-12: 4.5 %2025-01: 4.5 %2025-02: 4.5 %2025-03: 4.5 %2025-04: 4.5 %2025-05: 4.5 %2025-06: 4.25 %2025-07: 4.25 %2025-08: 4.25 %2025-09: 4 %2025-10: 4 %2025-11: 4 %2025-12: 4 %2026-01: 4 %2026-02: 4 %2026-03: 4 %2026-04: 4 %2026-05: 4.25 %2026-06: 4.25 %2026-07: 4.25 %2026-08: 4.25 %2026-09: 4.5 %
%. Source: BIS. Retrieved 2026-10-09.
All 487 values
Period%
2026-094.5
2026-084.25
2026-074.25
2026-064.25
2026-054.25
2026-044
2026-034
2026-024
2026-014
2025-124
2025-114
2025-104
2025-094
2025-084.25
2025-074.25
2025-064.25
2025-054.5
2025-044.5
2025-034.5
2025-024.5
2025-014.5
2024-124.5
2024-114.5
2024-104.5
2024-094.5
2024-084.5
2024-074.5
2024-064.5
2024-054.5
2024-044.5
2024-034.5
2024-024.5
2024-014.5
2023-124.5
2023-114.25
2023-104.25
2023-094.25
2023-084
2023-073.75
2023-063.75
2023-053.25
2023-043
2023-033
2023-022.75
2023-012.75
2022-122.75
2022-112.5
2022-102.25
2022-092.25
2022-081.75
2022-071.25
2022-061.25
2022-050.75
2022-040.75
2022-030.75
2022-020.5
2022-010.5
2021-120.5
2021-110.25
2021-100.25
2021-090.25
2021-080
2021-070
2021-060
2021-050
2021-040
2021-030
2021-020
2021-010
2020-120
2020-110
2020-100
2020-090
2020-080
2020-070
2020-060
2020-050
2020-040.25
2020-030.25
2020-021.5
2020-011.5
2019-121.5
2019-111.5
2019-101.5
2019-091.5
2019-081.25
2019-071.25
2019-061.25
2019-051
2019-041
2019-031
2019-020.75
2019-010.75
2018-120.75
2018-110.75
2018-100.75
2018-090.75
2018-080.5
2018-070.5
2018-060.5
2018-050.5
2018-040.5
2018-030.5
2018-020.5
2018-010.5
2017-120.5
2017-110.5
2017-100.5
2017-090.5
2017-080.5
2017-070.5
2017-060.5
2017-050.5
2017-040.5
2017-030.5
2017-020.5
2017-010.5
2016-120.5
2016-110.5
2016-100.5
2016-090.5
2016-080.5
2016-070.5
2016-060.5
2016-050.5
2016-040.5
2016-030.5
2016-020.75
2016-010.75
2015-120.75
2015-110.75
2015-100.75
2015-090.75
2015-081
2015-071
2015-061
2015-051.25
2015-041.25
2015-031.25
2015-021.25
2015-011.25
2014-121.25
2014-111.5
2014-101.5
2014-091.5
2014-081.5
2014-071.5
2014-061.5
2014-051.5
2014-041.5
2014-031.5
2014-021.5
2014-011.5
2013-121.5
2013-111.5
2013-101.5
2013-091.5
2013-081.5
2013-071.5
2013-061.5
2013-051.5
2013-041.5
2013-031.5
2013-021.5
2013-011.5
2012-121.5
2012-111.5
2012-101.5
2012-091.5
2012-081.5
2012-071.5
2012-061.5
2012-051.5
2012-041.5
2012-031.5
2012-021.75
2012-011.75
2011-121.75
2011-112.25
2011-102.25
2011-092.25
2011-082.25
2011-072.25
2011-062.25
2011-052.25
2011-042
2011-032
2011-022
2011-012
2010-122
2010-112
2010-102
2010-092
2010-082
2010-072
2010-062
2010-052
2010-041.75
2010-031.75
2010-021.75
2010-011.75
2009-121.75
2009-111.5
2009-101.5
2009-091.25
2009-081.25
2009-071.25
2009-061.25
2009-051.5
2009-042
2009-032
2009-022.5
2009-013
2008-123
2008-114.75
2008-104.75
2008-095.75
2008-085.75
2008-075.75
2008-065.75
2008-055.5
2008-045.5
2008-035.25
2008-025.25
2008-015.25
2007-125.25
2007-115
2007-105
2007-095
2007-084.75
2007-074.5
2007-064.5
2007-054.25
2007-044
2007-034
2007-023.75
2007-013.75
2006-123.5
2006-113.25
2006-103
2006-093
2006-083
2006-072.75
2006-062.75
2006-052.5
2006-042.5
2006-032.5
2006-022.25
2006-012.25
2005-122.25
2005-112.25
2005-102
2005-092
2005-082
2005-072
2005-061.75
2005-051.75
2005-041.75
2005-031.75
2005-021.75
2005-011.75
2004-121.75
2004-111.75
2004-101.75
2004-091.75
2004-081.75
2004-071.75
2004-061.75
2004-051.75
2004-041.75
2004-031.75
2004-022
2004-012
2003-122.25
2003-112.5
2003-102.5
2003-092.5
2003-083
2003-074
2003-064
2003-055
2003-045.5
2003-035.5
2003-026
2003-016
2002-126.5
2002-117
2002-107
2002-097
2002-087
2002-077
2002-066.5
2002-056.5
2002-046.5
2002-036.5
2002-026.5
2002-016.5
2001-126.5
2001-117
2001-107
2001-097
2001-087
2001-077
2001-067
2001-057
2001-047
2001-037
2001-027
2001-017
2000-127
2000-117
2000-107
2000-097
2000-086.75
2000-076.25
2000-066.25
2000-055.75
2000-045.75
2000-035.5
2000-025.5
2000-015.5
1999-125.5
1999-115.5
1999-105.5
1999-095.5
1999-086
1999-076
1999-066
1999-056.5
1999-046.5
1999-037
1999-027.5
1999-017.5
1998-128
1998-118
1998-108
1998-098
1998-088
1998-075
1998-064.5
1998-054.25
1998-043.75
1998-033.75
1998-023.5
1998-013.5
1997-123.5
1997-113.5
1997-103.5
1997-093.5
1997-083.5
1997-073.5
1997-063.25
1997-053.25
1997-043.25
1997-033.25
1997-023.25
1997-013.25
1996-124
1996-114
1996-104.5
1996-094.5
1996-084.5
1996-074.5
1996-064.5
1996-054.5
1996-044.5
1996-034.5
1996-024.75
1996-014.75
1995-124.75
1995-114.75
1995-104.75
1995-094.75
1995-084.75
1995-074.75
1995-064.75
1995-054.75
1995-044.75
1995-034.75
1995-024.75
1995-014.75
1994-124.75
1994-114.75
1994-104.75
1994-094.75
1994-084.75
1994-074.75
1994-064.75
1994-054.75
1994-044.75
1994-034.75
1994-024.75
1994-015
1993-125
1993-114.75
1993-105
1993-095.5
1993-085.5
1993-076
1993-066
1993-057.5
1993-047.75
1993-038.75
1993-029.25
1993-0110
1992-1211
1992-1117
1992-1011
1992-0911
1992-0810
1992-0710
1992-0610
1992-0510
1992-0410
1992-0310
1992-0210
1992-0110
1991-1210
1991-1110
1991-1010
1991-0910
1991-089.5
1991-079.5
1991-069.5
1991-059.5
1991-049.75
1991-0310.2
1991-0210.5
1991-0110.5
1990-1210.5
1990-1110.5
1990-1010.5
1990-0910.5
1990-0810.5
1990-0711
1990-0611
1990-0511
1990-0411
1990-0311
1990-0211
1990-0111
1989-1211
1989-1111
1989-1010
1989-0910
1989-0810
1989-0710
1989-0610
1989-0510.5
1989-0411
1989-0311
1989-0211
1989-0111.5
1988-1212
1988-1112.4
1988-1012.4
1988-0912.8
1988-0812.8
1988-0712.8
1988-0612.8
1988-0513.3
1988-0413.8
1988-0313.8
1988-0213.8
1988-0113.8
1987-1213.8
1987-1113.8
1987-1013.8
1987-0913.8
1987-0813.8
1987-0713.8
1987-0613.8
1987-0513.8
1987-0413.8
1987-0313.8
1987-0213.8
1987-0114.5
1986-1214.8
1986-1114
1986-1014
1986-0914
1986-0814
1986-0714
1986-0614
1986-0514
1986-0413
1986-0313

Rankings

Definition

The rate a central bank sets to steer monetary policy, or its operational target, in percent per year. United States: effective federal funds rate, monthly average of daily rates (Federal Reserve H.15). Euro area: ECB deposit facility rate in force on the last day of the month. Other countries: the policy rate in force at the end of the month as reported by the national central bank and compiled by the BIS.

Timing differs by source: the US figure is a monthly average of the market rate that the Federal Reserve targets (the target range is set by the FOMC; the BIS copy uses its midpoint), while ECB and BIS figures are end-of-month levels. The euro area series is the deposit facility rate for its whole history; the ECB has steered with it since September 2024, and before that the BIS series and most press coverage used the main refinancing rate (see ecb_main_refinancing_rate). Euro area members have no national policy rate since 1999, so their BIS series end in 1998. Each BIS series names its central bank and the instrument used in each period.

How to cite

Bank for International Settlements (BIS), from national central bank data. Central bank policy rates (WS_CBPOL), monthly, end of period, as reported by the national central bank named in the series (SOURCE_REF). https://stats.bis.org/api/v2/data/dataflow/BIS/WS_CBPOL/1.0/M.NO?format=csv. Retrieved 2026-10-09.

Use this data in your AI agent

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What is the latest central bank policy rate in Norway? Cite the source.
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Questions

What is the central bank policy rate in Norway?

Central bank policy rate in Norway was 4.5% in September 2026, according to Bank for International Settlements. That is up 0.5 pts from September 2025. That is the 15th highest of 36 countries in July 2026.

Where does this figure come from?

Bank for International Settlements. Central bank policy rates (WS_CBPOL), monthly, end of period, as reported by the national central bank named in the series (SOURCE_REF). Retrieved by Invokely on 2026-10-09.

What was the highest central bank policy rate in Norway?

17% in November 1992, the highest value since March 1986 in this series.

More statistics for Norway

All statistics for Norway