Central Bank RatesNorway policy rate in 2023 (6 changes)
Start of year2.75%
End of year4.50%Dec 29, 2023
Net change+175 bp6 hikes, 0 cuts
Average3.545%
Rank by level27 / 38
Changes in 2023
| Date | From | To | Change |
|---|---|---|---|
| Mar 24, 2023 | 2.75% | 3.00% | hike +25 bp |
| May 5, 2023 | 3.00% | 3.25% | hike +25 bp |
| Jun 23, 2023 | 3.25% | 3.75% | hike +50 bp |
| Aug 18, 2023 | 3.75% | 4.00% | hike +25 bp |
| Sep 22, 2023 | 4.00% | 4.25% | hike +25 bp |
| Dec 15, 2023 | 4.25% | 4.50% | hike +25 bp |
Compared with other areas at the end of 2023
42.5%
16%
13%
11.75%
11.25%
10.75%
9.25%
8.25%
8.25%
7%
6.75%
6.75%
6.5%
6.5%
6.5%
6.3%
6%
6%
5.75%
5.75%
5.5%
5.375%
5.25%
5%
4.75%
4.5%
4.5%
4.35%
4.25%
4%
3.6%
3.5%
3.45%
3%
3%
2.5%
1.75%
-0.1%
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%
2023: hikes and cuts worldwide →
Daily policy-rate data compiled by the BIS. Not investment advice.