Norges Bank policy rate

Interest rateBy Narwhal API

The Norges Bank policy rate is 4.5%, unchanged since 2026-10-27. Norges Bank sets Norway's key policy rate, the sight deposit rate. Narwhal identifies this instrument as sight_deposit_rate and its currency as NOK.

Understanding the Norges Bank policy rate

Rate4.5%
Rate typeSight deposit rate
First recorded on
CurrencyNOK
Country code in the APINOR

A central bank sets its policy rate to steer short-term interest rates. Norges Bank's sight deposit rate is a point rate, expressed as a single percentage per annum. In the API contract, rate_type identifies that structure, while rate holds the value as a decimal string.

Recent rate changes

DateChanged fromChanged toChange in percentage points
4.5%4.5%0.00
4.5%4.5%0.00
4.5%4.5%0.00
4.5%4.5%0.00
4.5%4.5%0.00
4.5%4.5%0.00
4.5%4.5%0.00
4.5%4.5%0.00
4.5%4.5%0.00
4.5%4.5%0.00
4.5%4.5%0.00
4.5%4.5%0.00

Norges Bank's business-day rows use observed_on, the date the source recorded the value. The changes table includes only days when the value changed, so unchanged observations do not appear as separate changes. Read these dates as observation dates. The contract's separate effective_on field means the date a rate took effect; Norges Bank's rows use the observation field.

Get the Norges Bank policy rate from the API

Access is live on every plan, including Free, with one metered unit per request. Use the uppercase country code NOR in each request.

  1. Request the latest observation After public access opens, omit date to request the latest source observation at or before today in UTC. The response identifies the authority, currency and instrument alongside the rate and its observation date.
    Latest policy rate
    curl -H "Authorization: Bearer $NARWHAL_API_KEY" \
  "https://api.narwhalapi.com/v1/economics/NOR/central-bank/policy-rate"
  2. Look up a past date Pass date to request the latest source observation at or before your chosen date. A day without a published observation does not create a new row. Future effective dates never replace the current rate early.
    Policy rate at a past date
    curl -H "Authorization: Bearer $NARWHAL_API_KEY" \
  "https://api.narwhalapi.com/v1/economics/NOR/central-bank/policy-rate?date=1991-01-01"
  3. Read the history Set start for the beginning of your requested history. Observations arrive oldest first. Follow next_cursor until it is null; pass each returned cursor in the next request. The default limit is 100, with an allowed range of 1 to 1000.
    Policy-rate history
    curl -H "Authorization: Bearer $NARWHAL_API_KEY" \
  "https://api.narwhalapi.com/v1/economics/NOR/central-bank/policy-rate/history?start=1991-01-01&limit=100"
Example response (values are examples)
{
  "country": "NOR",
  "authority": "norges_bank",
  "currency": "NOK",
  "instrument": "sight_deposit_rate",
  "rate_type": "point",
  "rate": "2.50",
  "qualifier": "exact",
  "unit": "percent",
  "observed_on": "1991-01-01"
}

History coverage

FieldValue
From1 January 1991
Date fieldobserved_on
RowsBusiness days

The history comes from Norges Bank. Values are served exactly as published, and missing days are not synthesised. Keep the observation date with each stored value so a later lookup retains the source's time reference. Point responses contain rate and qualifier; the unit is percent, with values expressed per annum.

How do I get Norges Bank policy rate history?

Use the history route with NOR, a start date and an optional end date. Each cursor pins publications for 24 hours. An expired cursor, or withdrawn rights, returns HTTP 409. The policy-rate history is also available through the MCP tool economics_get_policy_rate_history. See the policy-rate documentation for request and response details.

Source

Source: Norges Bank

Published .

Next steps