# Norges Bank monetary policy decisions

> Live situation record from CLSTR: https://clstr.news/situations/norges-bank-monetary-policy-decisions
> Updated: 2026-08-12T16:35:37.000Z. Sources: 9. Developments: 2.

Norges Bank was expected to announce an interest rate decision during the Arendalsuka event, with the central bank weighing whether to maintain the policy rate at 4.25% or increase it to 4.5%. The decision was anticipated to depend on inflation data from Statistics Norway, following a drop in inflation to 2.7% in June.

Norges Bank subsequently decided to keep the policy interest rate unchanged at 4.25%. Central Bank Governor Ida Wolden Bache stated that while the decline in price growth is positive, inflation remains too high to conclude that future outlooks have significantly changed, noting that further rate hikes may still be necessary. Economists observed that the bank’s language regarding future hikes appeared softer than in previous meetings due to lower-than-expected inflation data.

## Timeline

### 2026-08-12: Norges Bank holds interest rate steady at 4.25 percent

Norges Bank has maintained its policy interest rate at 4.25 percent. Governor Ida Wolden Bache warned that further rate hikes may still be required as inflation remains above target levels.

6 sources. https://clstr.news/cluster/norges-bank-holds-interest-rate-steady-at-425-percent

### 2026-08-09: Norges Bank to announce interest rate decision during Arendalsuka

Norges Bank will decide whether to hold interest rates at 4.25% or raise them to 4.5% during Arendalsuka, following critical upcoming inflation data from Statistics Norway.

5 sources. https://clstr.news/cluster/norges-bank-to-announce-interest-rate-decision-during-arendalsuka

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Cite as: Norges Bank monetary policy decisions. CLSTR, https://clstr.news/situations/norges-bank-monetary-policy-decisions