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Norway Norges Bank Interest Rate Decison held to 0.0% in August 2020. The reading matched the 0.0% consensus. The print is running well below the 12-month average of 1.02%. Norges Bank Interest Rate Decison is now the lowest in 58 months.
across last 12 releases
Aug 2020
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| USD/NOK | ▼ Inverse | −0.50 | FOREX | Bullish NOK | → View |
| EUR/NOK | ▼ Inverse | −0.45 | FOREX | Bullish NOK | → View |
| WTI Crude | ▲ Direct | +0.40 | COMMODITIES | Watch | → View |
| EUR/USD | ▲ Direct | +0.30 | FOREX | Watch | → View |
| XAU/USD | ▲ Direct | +0.30 | COMMODITIES | Watch | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
Norges Bank Interest Rate Decison (Norway) was reported at 0% in August 2020. This matched the market consensus of 0% exactly. The reading was unchanged from the previous release. This is classified as a medium-impact indicator released on a monthly basis.
The trailing three releases averaged 0%, down from the prior three at 0.92%.
Historically, this indicator is negatively correlated with USD/NOK (Bullish NOK). A secondary relationship exists with EUR/NOK, negatively correlated (Bullish NOK). Over the last 12 releases, the Sigmacast model's median absolute error is 0%.
Auto-generated from current model state · Refreshes on each release · Last update August 2020.
The Norges Bank Interest Rate Decision is a key financial indicator that reflects the monetary policy decisions of the central bank of Norway. This decision, made by the Norges Bank's monetary policy committee, determines the interest rate at which commercial banks can borrow from the central bank. It is a crucial factor in influencing the country's economic growth, inflation, and exchange rates. Investors and businesses closely monitor this indicator as it can have a significant impact on the overall financial market and investment decisions.
Policy-rate decisions and associated communication are the primary near-term driver of front-end rates, currencies, and equity-discount-rate inputs. Surprises against consensus can drive short-term moves, particularly when the print breaks an established trend. Released monthly.
Latest reading (Aug 2020): actual 0 %, consensus 0 %. Prior reading (Aug 2020): 0 %. Before that (Aug 2020): 0 %.
Sigmacast's 1-month forecast points to a lower reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary headwind in the current projection. This indicator correlates most strongly with USD/NOK (Bullish NOK, r=-0.50) — a useful reference for forex-focused traders.
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| Tuesday, May 26, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 06:00 | Loan Growth YoY | 4.4 | 4.5 | 4.50 | Low | ||
| 06:00 | Unemployment Rate | 4.9 | 5.1 | 5.25 | Low | ||
| Thursday, May 28, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 06:00 | GDP Growth Rate YoY | 2.2 | 2.4 | 2.40 | Low | ||
| 06:00 | GDP Growth Rate QoQ | -0.3 | 0.9 | 0.90 | Low | ||
| 06:00 | GDP Growth Mainland QoQ | 0.4 | 0.4 | 0.40 | Low | ||
| Friday, May 29, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 06:00 | Unemployed Persons | 61.9 | 62.3 | 62.30 | Low | ||