Skip to content
Norges Bank

Norges Bank

Norges BankNorwayEurope·NOK

Policy rate

4.50%

as of 2026-03-20

Next meeting

Aug 14

T-53d

Norges Bank sets the policy rate for Norway under an inflation-targeting framework that also gives weight to output and employment stability. The Monetary Policy and Financial Stability Committee announces rate decisions through the year.

Meeting Schedule (2026)

Jan 23Mar 27May 8Jun 19Aug 14Sep 25Nov 6Dec 18

Policy decisions are announced on the dates above. Source: official central bank schedules.

Primary Currency
NOK
Cross-firm view, consensus targets, and live rate

Policy rate

4.50%

As of 2026-03-20

NOK 2026 consensus

9.50

median of 18 banks

Recent Commentary on Norges Bank

Updated 3 days ago

5 most-recent items prefer LLM synthesis where available

ING THINK

Prospect of August hike in Norway can help the krone

The desk believes that the Norwegian krone (NOK) is poised for appreciation ahead of the Norges Bank's anticipated 25 basis point hike in August, driven by persistent inflation concerns. Per the full…

ING
BIS SPEECHES

Ida Wolden Bache: The conduct of monetary policy

The desk interprets Governor Ida Wolden Bache's recent remarks on monetary policy as a signal of Norges Bank's commitment to maintaining a cautious yet proactive approach to interest rates. Per the…

central-bankMS
BIS SPEECHES

Ida Wolden Bache: Policy rate raised to 4.25 percent

The desk interprets Norges Bank's recent policy rate hike to 4.25% as a clear signal of the central bank's commitment to combating inflation, which has remained stubbornly high in the region. Per the…

central-bankMS
ING

Norges Bank hikes and keeps guidance hawkish

The recent decision by Norges Bank to hike rates and maintain a hawkish guidance underscores a robust approach to inflation management. This aligns with the broader market expectations of continued…

ING

Bank Consensus on NOK

Aggregated 2026 year-end target across 18 sell-side firms

Median vs spot: -10.0%

Median
9.50
Spread
2.05
Top Bull
Citi10.80
Top Bear
ING8.75

Firm Coverage

Reports referencing Norges Bank across covered research desks

Visit official site

FX BANK FORECAST · COVERAGE

Institutional FX coverage in your inbox

Aggregated year-end forecasts, scenario shifts, and curated analyst notes from eight institutional desks. No promotion.