Cash Rate

Norges Bank, via BIS

Norway policy rate

View on Norway desk

4.25%

+0.25 pp last change (7 May 2026)

As of 17 Sep 2026 | Daily (policy rate; changes on decision days)

Mean
4.66%
Median
4.00%
Min
0.00% 8 May 2020
Max
50.00% 7 May 1986
DateRate
17 Sep 20264.25
31 Aug 20264.25
31 Jul 20264.25
30 Jun 20264.25
31 May 20264.25
30 Apr 20264.00
31 Mar 20264.00
28 Feb 20264.00
31 Jan 20264.00
31 Dec 20254.00
30 Nov 20254.00
31 Oct 20254.00
30 Sep 20254.00
31 Aug 20254.25
31 Jul 20254.25
30 Jun 20254.25
31 May 20254.50
30 Apr 20254.50
31 Mar 20254.50
28 Feb 20254.50
31 Jan 20254.50
31 Dec 20244.50
30 Nov 20244.50
31 Oct 20244.50

About Norway's policy rate

Norges Bank policy rate (styringsrenten), from the BIS policy-rate data set (WS_CBPOL, NO). Current: 4.25% on 17 Sep 2026. Since 1993 this is the sight-deposit rate; the earlier stretch is the overnight lending rate.

The chart is a step at policy changes. From 3 Mar 1986 to 17 Sep 2026 (14,809 observations): mean 4.66%, median 4.00%; low 0.00% (8 May 2020), high 50.00% (7 May 1986). Not a mortgage or deposit rate. This page is not an official BIS publication.

Source: BIS central bank policy rates (WS_CBPOL), Norway daily. Licence: BIS statistics: unrestricted reuse with attribution; inclusion must not add a charge to users. This page is not an official BIS publication (terms). Files: data/raw/bis-no-policy.json.

Reading this series

Norway's policy rate, styringsrenten, is set by Norges Bank and is the rate the central bank uses to steer short-term money-market rates. This page uses the BIS central bank policy rate series for Norway (WS_CBPOL), compiled with Norges Bank. Since 1993 the series is the sight-deposit rate; the earlier stretch is the overnight lending rate, which was the policy instrument before that. Changes come only at Norges Bank's policy meetings, so the series is drawn as daily steps.

Read the headline with its as-of date, then the "versus the previous reading" line. Where the rate has been unchanged, the page surfaces the date of the last actual move rather than a run of zero values. Mean, median, low and high are arithmetic summaries of the observations in this build, not official figures. Chart and Table present one series two ways, the range buttons only filter what is drawn, and Explore adds zoom and pan on request. The policy rate is not a mortgage or deposit rate, and this page is not an official BIS publication.

About this desk

The India desk leads with the RBI repo rate, read from the BIS central bank policy rate series for India, then US, UK and Japan rates. The repo rate is the rate at which the Reserve Bank of India lends to banks against government securities; the BIS series is the overnight repo rate from 2001 and the Bank Rate before that, stitched into one comparable policy measure and drawn as daily steps. It is a policy rate, not a mortgage or deposit rate.

All desks carry the same series in a different order, so the numbers match the hub. Values are republished with attribution to the BIS, and this page is not an official BIS publication. The build ingests no Indian retail deposit series, so none is shown; gaps are left open rather than estimated. This is not financial advice, and readings may lag their source.