Policy Rate of the Central Bank of Norway
Norway| Date | Value | ||
|---|---|---|---|
| Forecast | Actual | Deviation | |
| Date | Related Instruments Price Volatility | |||||
|---|---|---|---|---|---|---|
| 1 min later | 5 min later | 10 min later | 15 min later | 30 min later | ||
Norges Bank (the Central Bank of Norway) sets the policy interest rate as part of Norway's monetary policy. This rate is determined during regular monetary policy meetings held by Norges Bank and is used to adjust economic activity and manage inflation.
When the policy interest rate is raised, borrowing costs increase, which is expected to curb consumption and investment, thereby controlling inflation. Conversely, when the policy interest rate is lowered, borrowing costs decrease, which is expected to stimulate consumption and investment, fostering economic growth.
This data significantly impacts financial markets and the overall economy, making it widely watched. It serves as an essential source of information for policymakers, businesses, and investors to formulate economic forecasts and investment strategies.
| Date | Value | Related Instruments Price Volatility | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Forecast | Actual | Deviation | 1 min later | 5 min later | 10 min later | 15 min later | 30 min later | 60 min later | ||
