Banks › Norges Bank › History › 13 Aug 2026
Norges Bank: decision of 13 August 2026
Norges Bank's Monetary Policy and Financial Stability Committee unanimously kept the policy rate unchanged at 4.25%.
Decision
hold
- Rate
- 4.25%=4.25%
- Change
- 0 bp
- Vote
- unanimous
- Announced
- 10:00 Oslo time
Sources
- Statement
- norges-bank.no/en/news-events/news/Press-rel…
- Summary of deliberations and press conference
- norges-bank.no/en/topics/monetary-policy/Mon…
- Recorded
- 13 Aug 2026
- Data
- JSON
What the bank said
The Committee said inflation had slowed and been lower than projected, with CPI inflation at 3.0% and CPI-ATE at 2.7% in July.
It said it was too early to conclude that the inflation outlook had changed materially since June.
It judged that a restrictive stance was still needed because inflation remained markedly above target and past increases in business costs would keep it elevated.
Guidance. The Committee said the future path of the policy rate will depend on economic developments, and the Governor said it may still become necessary to raise the rate.
“Inflation has been lower than projected, but it is too early to conclude that the inflation outlook has changed materially since June.”
Before and after
- Previous decision: 18 Jun 2026, held the policy rate at 4.25%.
- Next decision: 24 Sept 2026, raised the policy rate by 25 bp to 4.50%.
- All Norges Bank decisions and the rate history