Norges Bank meeting —

At its 24 September 2026 meeting, the Norges Bank raised its policy rate from 4.25% to 4.50%.

Decision

hike — 4.25% to 4.50%

Key passages

At its meeting on 23 September, Norges Bank’s Monetary Policy and Financial Stability Committee judged that a somewhat tighter monetary policy stance is needed to return inflation to target within a reasonable time horizon.

Frames the hike as necessary to bring inflation back to target, supporting a hawkish reaction.

The Committee decided to raise the policy rate from 4.25% to 4.50%.

Key policy action: a 25bp hike to 4.50%, confirming the tightening bias.

Meeting documents

Background reading

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