Norges Bank publishes figures on the policy rate, Nowa, Treasury bills and government bonds.
Figures are updated at 9 am on the first business day after the quotation day.
The policy rate (sight deposit rate) is Norges Bank's most important monetary policy instrument.
Norwegian Overnight Weighted Average rate (Nowa) is the interest rate on unsecured overnight interbank loans between banks that are active in the Norwegian overnight market.
Compounded Nowa averages
The Nowa1m (Nowa average 1m), Nowa3m (Nowa average 3m) and Nowa6m (Nowa average 6m) are compounded averages of the Nowa (Norwegian Overnight Weighted Average) rate for reference periods of 1, 3 and 6 months respectively.
The Nowa compounded index (Nowai)
The Nowai (Nowa index) is an index representing the cumulative return on an investment earning daily compound interest at the Nowa (Norwegian Overnight Weighted Average) rate.
Prices and yields - Government debt
After 4:15 pm daily, Norges Bank publishes the best closing price and yield for each government bond and Treasury bill.
Zero coupon yields
Data published daily after 9.00 a.m. The published zero coupon yields are estimated values based on observed effective yields on Norwegian Treasury bills (zero coupon securities) and government bonds (coupon securities).
Treasury bills are government securities, with an original maturity of less than one year. A bond is an interest-bearing security with an original maturity of more than 1 year.
Synthetic yield series
The last update of the synthetic yield series for both Treasury bills and government bonds was on 30 June 2021. From 1 July, only the historical series are available.
- Nowa: +47 22 31 71 70
- Policy rate: +47 22 31 71 70
- Treasury bills: +47 22 31 71 40
- Government bonds: +47 22 31 71 40