Norges Bank reduces interest rates

Norges Bank's Executive Board decided on Wednesday to reduce the sight deposit interest rate by 0.25 percentage point to 2.00 per cent with effect from 29 January.

According to Norges Bank's assessment, with a sight deposit rate of 2.00 per cent at present, the probability that inflation two years ahead will be lower than 2 ½ per cent is greater than the probability that it will be higher.

It brings rates in Norway, which is not a member of the European Union, into line with the euro zone.


Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

If you already have an account, please sign in here.

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account