Cash Rate

Norges Bank, via BIS

Norway policy rate

View on Norway desk

4.25%

+0.25 pp last change (May 7, 2026)

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

Mean
4.66%
Median
4.00%
Min
0.00% May 8, 2020
Max
50.00% May 7, 1986
DateRate
Sep 17, 20264.25
Aug 31, 20264.25
Jul 31, 20264.25
Jun 30, 20264.25
May 31, 20264.25
Apr 30, 20264.00
Mar 31, 20264.00
Feb 28, 20264.00
Jan 31, 20264.00
Dec 31, 20254.00
Nov 30, 20254.00
Oct 31, 20254.00
Sep 30, 20254.00
Aug 31, 20254.25
Jul 31, 20254.25
Jun 30, 20254.25
May 31, 20254.50
Apr 30, 20254.50
Mar 31, 20254.50
Feb 28, 20254.50
Jan 31, 20254.50
Dec 31, 20244.50
Nov 30, 20244.50
Oct 31, 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 Sep 17, 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 Mar 3, 1986 to Sep 17, 2026 (14,809 observations): mean 4.66%, median 4.00%; low 0.00% (May 8, 2020), high 50.00% (May 7, 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.