Norges Bank meeting —

At its 19 June 2025 meeting, the Norges Bank lowered its policy rate from 4.50% to 4.25%.

Decision

cut — 4.50% to 4.25%

Key passages

Norges Bank’s Monetary Policy and Financial Stability Committee unanimously decided to reduce the policy rate from 4.5 percent to 4.25 percent at its meeting on 18 June.

First rate cut in current cycle, signals start of easing

The economic outlook is uncertain, but if the economy evolves broadly as currently projected, the policy rate will be reduced further in the course of 2025.

Explicit conditional guidance for further cuts this year

Meeting documents

Background reading

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