NORGES · NOK•Est. 1816 · Oslo•Mandate Target: 2.0% Operational Target
Norges Bank (NORGES) - Monetary Ledger
Maintain monetary stability and promote high and stable output and employment. Explore all six canonical primary-source time series for Norway (Norwegian Krone, NOK): policy rate history, CPI inflation vs. target, consolidated central bank assets in USD and % of GDP, international gold & FX reserves, and real effective exchange rates.
Six Canonical Norges Bank Datasets
Central Bank Interest Rates1986–2026
Norway Norges Bank Policy Interest Rate (Norway)
Latest (Sep 2026)4.50%
Record High17.00% (1992)
Central Bank Balance Sheets (USD)1953–2026
Norges Bank Balance Sheet Total Assets (USD)
Latest (Jun 2026)$98.89B
Record High$110.46B (2020)
Central Bank Assets Share of GDP1960–2025
Norges Bank Balance Sheet Share of GDP (Norway)
Latest (2025 Q4)16.83%
Record High38.99% (1986)
Consumer Price Inflation Rates & Targets1914–2026
Norway Inflation Rate (CPI YoY %)
Latest (Aug 2026)3.29%
Record High40.00% (1918)
Foreign Exchange & Gold Reserves1960–2025
Norway Foreign Exchange & Gold Reserves (USD)
Latest (2025)$85.49B
Record High$85.49B (2025)
Real Effective Exchange Rates (REER)1964–2026
Norwegian Krone (NOK) Real Effective Exchange Rate (REER)
Latest (Sep 2026)103.20
Record High140.83 (2003)
Norges Bank Policy Rate & Balance Sheet Trajectories
Norges Bank · NOK
Norway Norges Bank Policy Interest Rate (Norway) (1986-2026)
% p.a.Drag to pan, scroll to zoom, or toggle between full archive (1986–2026) and recent monthly observations.
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Source: Bank for International Settlements (BIS) & Norges Bank (WS_CBPOL:M:NO)
Latest: 4.50% (Sep 2026)
· Real Rate: +1.21%
Norges Bank · NOK
Norges Bank Balance Sheet Total Assets (USD) (1953-2026)
USD BillionsDrag to pan, scroll to zoom, or toggle between full archive (1953–2026) and recent monthly observations.
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Source: Bank for International Settlements (BIS) (WS_CBTA:M:NO:B:USD:_Z:B)
Latest: $98.89B (Jun 2026)
Norges Bank Bilateral Rate Differentials
Consolidated Annual Monetary Ledger - Norges Bank
Annual policy rate, headline CPI, ex-post real rate, balance sheet assets ($B & % GDP), reserves ($B), and REER index
| Year | Policy Rate | CPI (YoY) | Real Rate | Assets ($B USD) | Assets (% GDP) | Reserves ($B) | REER (2020=100) |
|---|---|---|---|---|---|---|---|
| 2026 | 4.50% | 3.18% | +1.32% | $98.89B | - | - | 100.66 |
| 2025 | 4.00% | 3.04% | +0.96% | $92.32B | 16.83% | $85.49B | 94.55 |
| 2024 | 4.50% | 3.19% | +1.31% | $86.39B | 18.19% | $81.24B | 93.61 |
| 2023 | 4.50% | 5.52% | -1.02% | $85.75B | 16.45% | $80.46B | 94.33 |
| 2022 | 2.75% | 5.76% | -3.01% | $78.18B | 12.97% | $72.08B | 103.26 |
| 2021 | 0.50% | 3.47% | -2.97% | $94.33B | 18.73% | $84.27B | 106.01 |
| 2020 | 0.00% | 1.30% | -1.30% | $90.36B | 21.49% | $75.26B | 100.00 |
| 2019 | 1.50% | 2.18% | -0.68% | $73.24B | 17.18% | $66.95B | 107.18 |
| 2018 | 0.75% | 2.74% | -1.99% | $69.02B | 16.16% | $63.15B | 109.82 |
| 2017 | 0.50% | 1.91% | -1.41% | $72.63B | 17.32% | $65.92B | 109.58 |
| 2016 | 0.50% | 3.54% | -3.04% | $66.66B | 17.90% | $60.45B | 108.49 |
| 2015 | 0.75% | 2.15% | -1.40% | $61.43B | 16.77% | $57.46B | 107.80 |
| 2014 | 1.25% | 2.06% | -0.81% | $68.98B | 15.80% | $64.80B | 118.89 |
| 2013 | 1.50% | 2.13% | -0.63% | $62.61B | 11.96% | $58.28B | 124.79 |
| 2012 | 1.50% | 0.69% | +0.81% | $58.02B | 10.58% | $51.86B | 126.93 |
| 2011 | 1.75% | 1.31% | +0.44% | $57.20B | 11.92% | $49.40B | 127.82 |
| 2010 | 2.00% | 2.41% | -0.41% | $68.07B | 14.94% | $53.22B | 127.36 |
| 2009 | 1.75% | 2.17% | -0.42% | $65.93B | 15.27% | $48.86B | 122.48 |
| 2008 | 3.00% | 3.75% | -0.75% | $81.45B | 21.43% | $50.95B | 125.69 |
| 2007 | 5.25% | 0.77% | +4.48% | $78.27B | 17.70% | $60.84B | 125.96 |
| 2006 | 3.50% | 2.30% | +1.20% | $68.54B | 19.11% | $56.84B | 125.85 |
| 2005 | 2.25% | 1.51% | +0.74% | $53.30B | 17.98% | $46.99B | 126.47 |
| 2004 | 1.75% | 0.47% | +1.28% | $46.77B | 15.79% | $44.31B | 122.60 |
| 2003 | 2.25% | 2.52% | -0.27% | $45.05B | 18.49% | $37.71B | 128.24 |
| 2002 | 6.50% | 1.30% | +5.20% | $36.16B | 16.08% | $32.40B | 129.33 |
| 2001 | 6.50% | 2.99% | +3.51% | $28.17B | 16.28% | $23.60B | 119.49 |
| 2000 | 7.00% | 3.11% | +3.89% | $33.83B | 19.93% | $27.92B | 115.42 |
| 1999 | 5.50% | 2.34% | +3.16% | $30.47B | 19.47% | $24.15B | 117.80 |
| 1998 | 8.00% | 2.28% | +5.72% | $24.49B | 16.14% | $19.39B | 117.25 |
| 1997 | 3.50% | 2.54% | +0.96% | $27.85B | 18.08% | $23.74B | 120.16 |
| 1996 | 4.00% | 1.26% | +2.74% | $31.69B | 19.46% | $26.95B | 120.19 |
| 1995 | 4.75% | 2.45% | +2.30% | $29.09B | 19.22% | $22.98B | 121.61 |
| 1994 | 4.75% | 1.42% | +3.33% | $26.16B | 19.84% | $19.48B | 118.34 |
| 1993 | 5.00% | 2.27% | +2.73% | $28.02B | 24.78% | $20.08B | 113.61 |
| 1992 | 11.00% | 2.35% | +8.65% | $23.26B | 19.94% | $12.33B | 117.80 |
| 1991 | 10.00% | 3.44% | +6.56% | $27.17B | 20.68% | $13.65B | 117.88 |
| 1990 | 10.50% | 4.07% | +6.43% | $30.54B | 24.06% | $15.79B | 122.54 |
| 1989 | 11.00% | 4.62% | +6.38% | $29.49B | 27.55% | $14.26B | 123.97 |
| 1988 | 12.00% | 6.59% | +5.41% | $29.73B | 29.46% | $13.75B | 123.98 |
| 1987 | 13.80% | 8.84% | +4.96% | $31.68B | 31.21% | $14.85B | 121.11 |
| 1986 | 14.80% | 7.14% | +7.66% | $29.66B | 37.83% | $12.99B | 118.82 |
| 1985 | - | 5.67% | - | $18.64B | 25.22% | $14.30B | 120.86 |
| 1984 | - | 6.24% | - | $10.86B | 19.54% | $9.73B | 122.82 |
| 1983 | - | 8.43% | - | $9.24B | 15.89% | $7.08B | 124.95 |
| 1982 | - | 11.44% | - | $8.51B | 14.90% | $7.41B | 126.78 |
| 1981 | - | 13.66% | - | $9.23B | 14.72% | $6.72B | 122.13 |
| 1980 | - | 10.73% | - | $8.75B | 14.26% | $6.75B | 118.22 |
| 1979 | - | 4.89% | - | $8.06B | 14.82% | $4.82B | 118.20 |
| 1978 | - | 8.15% | - | $6.42B | 13.25% | $3.12B | 125.10 |
| 1977 | - | 9.09% | - | $6.23B | 14.52% | $2.37B | 134.25 |
| 1976 | - | 9.17% | - | $4.73B | 12.46% | $2.32B | 133.94 |
| 1975 | - | 11.61% | - | $4.31B | 13.86% | $2.33B | 130.34 |
| 1974 | - | 9.49% | - | $3.92B | 13.56% | $2.07B | 126.82 |
| 1973 | - | 7.38% | - | $3.36B | 14.86% | $1.64B | 123.55 |
| 1972 | - | 7.14% | - | $2.77B | 16.11% | $1.35B | 117.30 |
| 1971 | - | 6.27% | - | $2.45B | 15.91% | $1.16B | 115.44 |
| 1970 | - | 10.78% | - | $1.96B | 15.18% | $0.81B | 115.53 |
| 1969 | - | 2.96% | - | $1.73B | 15.42% | $0.71B | 110.99 |
| 1968 | - | 3.60% | - | $1.48B | 14.38% | $0.71B | 111.80 |
| 1967 | - | 4.41% | - | $1.54B | 15.99% | $0.68B | 108.57 |
| 1966 | - | 3.30% | - | $1.33B | 15.08% | $0.53B | 107.42 |
| 1965 | - | 3.80% | - | $1.28B | 15.61% | $0.48B | 108.40 |
| 1964 | - | 6.29% | - | $1.20B | 16.17% | $0.39B | 108.71 |
| 1963 | - | 2.86% | - | $1.15B | 17.15% | $0.35B | - |
| 1962 | - | 4.89% | - | $1.10B | 17.55% | $0.30B | - |
| 1961 | - | 2.50% | - | $1.08B | 18.55% | $0.30B | - |
| 1960 | - | 0.14% | - | $1.08B | 20.14% | $0.31B | - |
| 1959 | - | 1.88% | - | $1.07B | - | - | - |
| 1958 | - | 5.37% | - | $1.05B | - | - | - |
| 1957 | - | 2.64% | - | $0.99B | - | - | - |
| 1956 | - | 4.65% | - | $0.99B | - | - | - |
| 1955 | - | 0.85% | - | $0.96B | - | - | - |
| 1954 | - | 4.03% | - | $0.92B | - | - | - |
| 1953 | - | 1.91% | - | $0.93B | - | - | - |
| 1952 | - | 8.67% | - | - | - | - | - |
| 1951 | - | 16.47% | - | - | - | - | - |
| 1950 | - | 4.99% | - | - | - | - | - |
| 1949 | - | 0.48% | - | - | - | - | - |
| 1948 | - | -0.45% | - | - | - | - | - |
| 1947 | - | 0.49% | - | - | - | - | - |
| 1946 | - | 2.10% | - | - | - | - | - |
| 1945 | - | 2.15% | - | - | - | - | - |
| 1944 | - | 0.24% | - | - | - | - | - |
| 1943 | - | 3.21% | - | - | - | - | - |
| 1942 | - | 5.51% | - | - | - | - | - |
| 1941 | - | 18.03% | - | - | - | - | - |
| 1940 | - | 17.15% | - | - | - | - | - |
| 1939 | - | 1.09% | - | - | - | - | - |
| 1938 | - | 3.10% | - | - | - | - | - |
| 1937 | - | 6.35% | - | - | - | - | - |
| 1936 | - | 4.17% | - | - | - | - | - |
| 1935 | - | 0.83% | - | - | - | - | - |
| 1934 | - | 0.00% | - | - | - | - | - |
| 1933 | - | 0.00% | - | - | - | - | - |
| 1932 | - | -1.59% | - | - | - | - | - |
| 1931 | - | -6.49% | - | - | - | - | - |
| 1930 | - | -1.14% | - | - | - | - | - |
| 1929 | - | -5.34% | - | - | - | - | - |
| 1928 | - | -6.98% | - | - | - | - | - |
| 1927 | - | -10.43% | - | - | - | - | - |
| 1926 | - | -14.87% | - | - | - | - | - |
| 1925 | - | 2.68% | - | - | - | - | - |
| 1924 | - | 9.66% | - | - | - | - | - |
| 1923 | - | -6.21% | - | - | - | - | - |
| 1922 | - | -16.07% | - | - | - | - | - |
| 1921 | - | -9.01% | - | - | - | - | - |
| 1920 | - | 14.93% | - | - | - | - | - |
| 1919 | - | 6.35% | - | - | - | - | - |
| 1918 | - | 40.00% | - | - | - | - | - |
| 1917 | - | 25.00% | - | - | - | - | - |
| 1916 | - | 20.00% | - | - | - | - | - |
| 1915 | - | 15.38% | - | - | - | - | - |
| 1914 | - | 0.00% | - | - | - | - | - |