Central Bank RatesNorway policy rate in 2020 (3 changes)
Start of year1.50%
End of year0.00%Dec 31, 2020
Net change-150 bp0 hikes, 3 cuts
Average0.358%
Rank by level35 / 38
Changes in 2020
| Date | From | To | Change |
|---|---|---|---|
| Mar 16, 2020 | 1.50% | 1.00% | cut -50 bp |
| Mar 23, 2020 | 1.00% | 0.25% | cut -75 bp |
| May 8, 2020 | 0.25% | 0.00% | cut -25 bp |
Compared with other areas at the end of 2020
17%
4.25%
4.25%
4%
3.85%
3.75%
3.5%
2%
2%
1.75%
1.75%
1.5%
1.5%
1.5%
1.5%
1%
1%
0.75%
0.6%
0.5%
0.5%
0.5%
0.5%
0.25%
0.25%
0.25%
0.25%
0.125%
0.1%
0.1%
0.1%
0.1%
0%
0%
0%
-0.1%
-0.6%
-0.75%
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%
2020: hikes and cuts worldwide →
Daily policy-rate data compiled by the BIS. Not investment advice.