Key policy rate

In Norway, the key policy rate (sight deposit rate) is the interest rate on banks' reserves up to a specified quota in Norges Bank.

Changes in Norges Bank's key policy rate will normally have a strong impact on the shortest money market rates and on banks' deposit and lending rates.

The key policy rate in recent years and projections

The chart below shows the key policy rate since 2010 and projections in the latest Monetary Policy Report with financial stability assessment. The chart is updated simultaneously with the publication of the report.

key policy rate

The data are available in the Monetary Policy Report with financial stability assessment

Changes in the key policy rate take effect from the first business day after the interest rate decision is announced.