Norway Norges Bank policy rate (styringsrenten)
Norway Norges Bank policy rate (styringsrenten) is 4.5 percent, in force since 25 Sep 2026, cited to Norges Bank. It was 4.25 percent before that. Last checked against the official source on 24 Oct 2026.
Official source: Norges Bank · Last checked 2026-10-24 · source fingerprint
The sight deposit rate (styringsrenten) — the interest rate on banks' sight deposits up to a quota at Norges Bank — set by the Monetary Policy and Financial Stability Committee under the Sentralbankloven (Central Bank Act, 2019). Norway has its own currency (NOK) and central bank; it is NOT in the eurozone and NOT an EU member. Rate is normally reviewed at eight monetary policy meetings a year, four of which accompany a Monetary Policy Report.
Compare policy interest rate across all 34 European countries →
| Current value | 4.5 percent |
|---|---|
| In force from | 2026-09-25 |
| Official source | Norges Bank — Rate decision September 2026: 'At its meeting on 23 September 2026, the Committee decided to raise the policy rate from 4.25% to 4.50%.' 'Rate effective from 25 September 2026: Policy rate: 4.50% Overnight lending rate: 5.50% Reserve rate: 3.50%' (published 24 September 2026) |
| Last verified | 2026-10-24 |
| Verification | primary — No verification limitation recorded — read from the official source cited. |
| Provenance | source fingerprint |
What this value means
Raised 25bp at the 23 September 2026 meeting, announced 24 September, effective 25 September 2026; the second increase of the cycle after May 2026 (held in June). The Committee said it is prepared to raise the rate further if needed. Next decision announced for 5 November 2026. Read from norges-bank.no on 2026-10-24.
Earlier values
| From | Value | Source |
|---|---|---|
| 2026-05-08 | 4.25 | Norges Bank — Rate decision May 2026 (meeting 6 May 2026)… |
| 2025-09-19 | 4 | Norges Bank — Press release 'Policy rate reduced to 4… |
| 2025-06-20 | 4.25 | Norges Bank — Rate decision June 2025 (meeting 18 Jun… |
| 2023-12-15 | 4.5 | Norges Bank — cycle peak of 4.5% reached at the December… |
| 2023-09-22 | 4.25 | Bank for International Settlements - Central Bank Policy… |
| 2023-08-18 | 4 | Bank for International Settlements - Central Bank Policy… |
| 2023-06-23 | 3.75 | Bank for International Settlements - Central Bank Policy… |
| 2023-05-05 | 3.25 | Bank for International Settlements - Central Bank Policy… |
| 2023-03-24 | 3 | Bank for International Settlements - Central Bank Policy… |
| 2022-12-16 | 2.75 | Bank for International Settlements - Central Bank Policy… |
| 2022-11-04 | 2.5 | Bank for International Settlements - Central Bank Policy… |
| 2022-09-23 | 2.25 | Bank for International Settlements - Central Bank Policy… |
Get it programmatically
curl https://euroref.dev/v1/no/policy-rate
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# History: curl https://euroref.dev/v1/no/policy-rate/history?from=2020-01-01
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Other Norway series: Statutory late-payment interest (forsinkelsesrente) · MVA (merverdiavgift) standard rate · VAT registration threshold · General statutory minimum wage (none — structural null) · Public holidays · CPI inflation (year-on-year) · Corporate income tax rate · Withholding tax rates · Personal income tax · Statutory social-insurance contributions · Norges Bank exchange rates · Tax filing deadlines
The same figure elsewhere: Poland · Portugal · Romania · Serbia · Slovakia · all 34