Forex Fundamentals
Norges Bank Rate Decision

Norges Bank Rate Decision 7 May 2020

Norges Bank Rate Decision 7 May 2020: 0%, below the 0.25% forecast and down from 0.25% in March 2020. It is the lowest of the last 12 releases. 1 of the last 10 releases came in below the forecast. It was released on Thu 7 May 2020 at 08:00 UTC.

These figures were verified on 4 Oct 2026 from the source: Norges Bank. This page reports the release as published: the figures, the consensus forecast and what a print like it usually does to the currency.

Actual
0%
Forecast
0.25%
The market consensus
Previous
0.25%
As the source gives it

What a print like this usually does

Below the forecast: A rate cut, or a hold with unexpectedly dovish guidance, usually weakens the krone by pulling down expected returns on NOK assets. The move can be sharp if the decision was unexpected.

Norges Bank Rate Decision 7 May 2020: 0% against a 0.25% forecast, with the last 12 releases
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Cite this release

If you cite this release, please link to this page:

Norges Bank Rate Decision 7 May 2020: 0% vs 0.25% forecast (Norges Bank). Forex Fundamentals, https://forexfundamentals.com/economic-calendar/norges-bank/2020-05-07

The last 12 releases · times in UTC
ReleasedForActualForecastPrevious
7 May 2020—0%0.25%0.25%
20 Mar 2020—0.25%—1.0%
13 Mar 2020—1.0%—1.5%
23 Jan 2020—1.5%1.5%1.5%
19 Dec 2019—1.5%1.5%1.5%
24 Oct 2019—1.5%1.5%1.5%
19 Sep 2019—1.5%1.5%1.25%
15 Aug 2019—1.25%1.25%1.25%
20 Jun 2019—1.25%1.25%1%
9 May 2019—1%1%1%
21 Mar 2019—1%1%0.75%
24 Jan 2019—0.75%0.75%0.75%
The release before:Norges Bank Rate Decision 20 March 2020The release after:Norges Bank Rate Decision 18 June 2020Norges Bank Rate Decision: every recent resultThis week’s economic calendar