Central Bank RatesNorway policy rate in 2003 (7 changes)
Start of year6.50%
End of year2.25%Dec 30, 2003
Net change-425 bp0 hikes, 7 cuts
Average4.214%
Rank by level28 / 36
Changes in 2003
| Date | From | To | Change |
|---|---|---|---|
| Jan 23, 2003 | 6.50% | 6.00% | cut -50 bp |
| Mar 6, 2003 | 6.00% | 5.50% | cut -50 bp |
| May 2, 2003 | 5.50% | 5.00% | cut -50 bp |
| Jun 26, 2003 | 5.00% | 4.00% | cut -100 bp |
| Aug 13, 2003 | 4.00% | 3.00% | cut -100 bp |
| Sep 18, 2003 | 3.00% | 2.50% | cut -50 bp |
| Dec 18, 2003 | 2.50% | 2.25% | cut -25 bp |
Compared with other areas at the end of 2003
26%
21.25%
16.5%
16%
12.5%
9%
8%
7.25%
7%
6.75%
6.65%
6.12%
5.31%
5.25%
5.25%
5.2%
5.16%
5%
4.5%
3.75%
3.75%
3.25%
3.25%
2.75%
2.75%
2.5%
2.5%
2.25%
2.25%
2.15%
2%
2%
1.75%
1.25%
1%
0.375%
Year-end rate over time
4.5%
4%
4.5%
4.5%
2.75%
0.5%
0%
1.5%
0.75%
0.5%
0.5%
0.75%
1.25%
1.5%
1.5%
1.75%
2%
1.75%
3%
5.25%
3.5%
2.25%
1.75%
2.25%
6.5%
6.5%
7%
2003: hikes and cuts worldwide →
Daily policy-rate data compiled by the BIS. Not investment advice.