Norwegen Zinssatz

The Norges Bank kept its key policy rate unchanged at 4% in November 2025, following a 25 basis-point cut at the previous meeting, in line with market expectations. Policymakers noted that no new information has emerged to materially alter the outlook for the Norwegian economy since the last monetary policy meeting in September. While acknowledging that the outlook remains uncertain, the bank reiterated that if the economy develops broadly as projected, the policy rate is likely to be reduced further over the coming year. The central bank also emphasized that monetary policy has helped cool the Norwegian economy and curb inflation in recent years. However, inflation remains above target, with core inflation hovering around 3%, and unemployment edging slightly higher. Policymakers stressed that a restrictive stance is still warranted, as the task of bringing inflation fully under control is not yet complete, and the bank is in no rush to lower rates further.