Policy rate kept at 4.5 percent
At the monetary policy meeting in September, we kept the policy rate unchanged at 4.5 percent. If the economy evolves as envisaged, we will maintain the policy rate at this level to the end of the year, before it is gradually reduced from the first quarter of next year.
News and events
Monetary policy
Monetary policy shall maintain monetary stability by keeping inflation low and stable
Notes and coins
Problems with exchanging Norwegian krone (NOK) banknotes abroad
Recently people have experienced problems with exchanging NOK banknotes.
Exchanging withdrawn banknotes and coins
Withdrawn Norwegian notes and coins can be exchanged at one of our offices or sent in via post. We do not exchange valid banknotes and coins.
Exchange rates
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Financial stability
Norges Bank shall contribute to a robust and efficient financial system
Financial stability - a primary objective
The role of issuer of means of payment and ultimate settlement bank for interbank payments in Norway gives Norges Bank a particular responsibility for fostering efficient and secure payment systems.
Reports on financial stability
Norges Bank publishes three reports that provide an overview of the financial system, development trends, vulnerabilities and oversight activities.
Investment management
Norges Bank manages the portfolios of the Government Pension Fund Global and the Bank’s own foreign exchange reserves
Oil fund
Norges Bank Investment Management (NBIM) manages the Norwegian Government Pension Fund Global, also known as the Oil Fund.
Foreign exchange reserves
The foreign exchange reserves are the Bank's contingency funds in international currencies and are to be available for use in foreign exchange market transactions as part of the conduct of monetary policy or with a view to promoting financial stability and to meet Norges Bank's international commitments.
About the Bank
Climate and the economy
Read about Norges Bank's work on climate risk
Bankplassen blog
The Bankplassen blog is a venue for knowledge sharing. The main contributors are persons employed by or associated with Norges Bank’s central banking operations.
Careers
See vacant positions and find out more about the opportunities we offer.