Norway policy rate

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

Italy has no separate policy rate here. The Italy desk leads with the ECB deposit facility rate and €STR, the shared euro-area policy and overnight market series, then UK and US rates. Italy's monetary policy is set by the ECB Governing Council, so the desk uses the euro-area series rather than a Banca d'Italia policy rate that would misrepresent the framework.

Germany, France, Ireland and the /ea/ desk carry the same two ECB series. The figures come from the ECB Data Portal and are republished with attribution under the ESCB statistics reuse policy. Every desk shows the same series in a different order, so switching desks changes the menu and wording, not the numbers. The build ingests no Italian retail rate series, so none is shown. This is not financial advice, and readings may lag their source.