Norway lending rate


Norway lending rate: 5.5 (0%)
Last Update: June 30, 2024

Norway lending rate closed down 5.5 as of June 30, 2024 from 5.5 from the previous month and 4.75 from last year.


Norway lending rate Analytics & Data




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Norway lending rate

DateValues
2024-06-30 5.5
2024-05-03 5.5
2024-04-30 5.5
2024-03-31 5.5
2024-02-29 5.5
2024-01-31 5.5
2023-12-14 5.5
2023-11-02 5.25
2023-10-31 5.25
2023-09-21 5.25
2023-08-17 5
2023-07-31 4.75
2023-06-22 4.75
2023-05-04 4.25
2023-04-30 4
2023-03-23 4
2023-02-28 3.75
2023-01-31 3.75
2022-12-15 3.75
2022-11-03 3.5
2022-10-31 3.25
2022-09-22 3.25
2022-08-18 2.75
2022-07-31 2.25

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Norway lending rate Statistics


IndicatorSymbolActualPreviousM/M%Y/Y%TrendSlopePercentileUpdate
lending rateno.lendingrate5.55.5016UPUP332024-06-30

Norway lending rate Factors

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Norway lending rate Historical Data

The MacroVar database offers free access to historical data for the Norway lending rate, dating back to 1950. This extensive dataset is readily available through MacroVar versatile platforms, including a user-friendly web interface, a robust Python API, and convenient Excel integration. By leveraging these tools, users can efficiently retrieve and analyze decades of Norway lending rate data, supporting a wide range of research, financial analysis, and decision-making processes.

What is the Norway lending rate

The lending rate in Norway refers to the interest rate at which banks and financial institutions in the country offer loans to individuals and businesses. This rate is set by the central bank, Norges Bank, and is influenced by various economic factors such as inflation, economic growth, and the overall stability of the financial system. A lower lending rate typically encourages borrowing and investment, stimulating economic activity, while a higher rate can help to control inflation and prevent excessive borrowing. The lending rate in Norway plays a crucial role in determining the cost of borrowing for consumers and businesses, and can have a significant impact on overall economic growth and stability.