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

Norges Bank held the policy rate at 4.00% on December 18, 2025, as expected.

Decision4.00%■ hold
Against expectedAs expectedexpected 4.00%
Previous4.00%policy rate
EUR/NOK one hour later −355 pips from the last price before

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

The result

What Norges Bank decided in December 2025

The move Hold Held at 4.00%.
Against expected No surprise Economists expected: hold at 4.00%. The decision was as expected.
Timing 10:00 AM GMT+1 Thursday, December 18, 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 Dec 18, 2025 The hour before the 10:00 announcement ranged 351 pips. The first spike went below it by 414 pips, and did not close back inside within the hour. 11.94 11.96 11.98 12.00 09:00 09:30 10:00 10:30 11:00 11:30 THE HOUR BEFORE Norges Bank 10:00 Spike 11.93585 · 414 pips past the hour's low
  1. The hour beforeEUR/NOK ranged 351 pips, from 11.97723 to 12.01230, and was at 11.98624 at the announcement.
  2. The first spike After 5 minutes price went through the hour's low and ran 414 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: −290 pips at 15 minutes, −355 pips at one hour, −282 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, November 2025Held at 4.00% Next decision →Norges Bank, January 2026Thu, Jan 22, 10:00 AM GMT+1
Questions

Norges Bank December 2025 decision: questions

What time was Norges Bank interest rate decision on Dec 18, 2025?

It was announced at 10:00 AM GMT+1 (4:00 AM EST New York, 9:00 AM London London).

What did Norges Bank decide in December 2025?

Held at 4.00% (previous 4.00%). Economists expected: hold at 4.00%, so the decision was as expected.

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

On one-minute candles: the hour before ranged 351 pips; the first spike went below it by 414 pips; it did not close back inside within the hour; after one hour EUR/NOK was −355 pips from its pre-announcement price.

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