Interest Rate Decision Riksbank in 22h 13m
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Norges Bank Interest Rate Decision, August 2025

Norges Bank held the policy rate at 4.25% on August 14, 2025, as expected.

Decision4.25%■ hold
Against expectedAs expectedexpected 4.25%
Previous4.25%policy rate
EUR/NOK one hour later −289 pips from the last price before

Figures as of Nov 3, 2026, 10:15 AM UTC.

The result

What Norges Bank decided in August 2025

The move Hold Held at 4.25%.
Against expected No surprise Economists expected: hold at 4.25%. The decision was as expected.
Timing 10:00 AM GMT+2 Thursday, August 14, 2025.
What price did

EUR/NOK after Norges Bank decision, minute by minute

One-minute candles, Oslo time. The box is the hour before the announcement. How we measure.

EUR/NOK one-minute chart around Norges Bank decision of Aug 14, 2025 The hour before the 10:00 announcement ranged 320 pips. The first spike went below it by 232 pips, and did not close back inside within the hour. 11.88 11.90 11.92 09:00 09:30 10:00 10:30 11:00 11:30 THE HOUR BEFORE Norges Bank 10:00 Spike 11.87651 · 232 pips past the hour's low
  1. The hour beforeEUR/NOK ranged 320 pips, from 11.89968 to 11.93173, and was at 11.90744 at the announcement.
  2. The first spike After 5 minutes price went through the hour's low and ran 232 pips past it.
  3. The close back No five-minute candle closed back inside the range within the hour: the first move held.
  4. The other side Not measured: it needs a close back first.
  5. The moves From the last price before the announcement: −172 pips at 15 minutes, −289 pips at one hour, +92 pips at four hours.
For context

Across 14 measured Norges Bank decisions since January 2025, the first spike closed back inside the hour-before range within 60 minutes in 8 (57%), and in 3 of those price then took the other side within four hours. In the other 6 the first move held. Median move in the first 15 minutes: 280 pips.

This decision is one where the first move held. Counts include the decisions where it did not close back. All Norges Bank dates · Norges Bank overview.

← Previous decisionNorges Bank, June 2025Cut 25 bp to 4.25% Next decision →Norges Bank, September 2025Thu, Sep 18, 10:00 AM GMT+2
Questions

Norges Bank August 2025 decision: questions

What time was Norges Bank interest rate decision on Aug 14, 2025?

It was announced at 10:00 AM GMT+2 (4:00 AM EDT New York, 9:00 AM London London).

What did Norges Bank decide in August 2025?

Held at 4.25% (previous 4.25%). Economists expected: hold at 4.25%, so the decision was as expected.

How did EUR/NOK react to Norges Bank decision in August 2025?

On one-minute candles: the hour before ranged 320 pips; the first spike went below it by 232 pips; it did not close back inside within the hour; after one hour EUR/NOK was −289 pips from its pre-announcement price.

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