Monetary policy

We set the key policy rate to ensure low and stable inflation in Norway

Monetary policy

The Government has defined an inflation target for monetary policy in Norway. Norges Bank's conduct of monetary policy shall be oriented towards low and stable inflation.

Monetary policy meetings

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.

Models for monetary policy analysis and forecasting

Monetary policy report

Effect of interest rate changes


The Government has set an inflation target for the monetary policy in Norway. The operational target of monetary policy is low and stable inflation, with annual consumer price inflation of approximately 2.5% over time.