Norges Bank

The central bank of Norway's aim is price stability and financial stability, and to generate added value through investment management.

Policy rate kept at 4.5 percent

At the December monetary policy meeting, we kept the policy rate unchanged at 4.5 percent. If developments turn out as we now envisage, we will reduce the policy rate in March 2025.

News and events

Monetary policy

Monetary policy shall maintain monetary stability by keeping inflation low and stable

Notes and coins

Exchange rates

Currency (code)
All currencies
The chart shows the last 60 daily observations.

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.

www.nbim.no

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

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.