> Norges Bank Interest Rate Decision December 2025: Held at 4.00% > Source: https://interestratedecision.com/norges/december-2025/ · Content last changed: 2025-12-18 > InterestRateDecision.com: free to quote with a link to the page above. Held at 4.00%, as expected (Norges Bank, Dec 18, 2025). EUR/NOK: hour-before range 351 pips, first spike 414 pips below, −355 pips after one hour. # Norges Bank Interest Rate Decision, December 2025 Norges Bank held the policy rate at 4.00% on December 18, 2025, as expected. Decision**4.00%**■ hold Against expected**As expected**expected 4.00% Previous**4.00%**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](https://interestratedecision.com/about/#method). 1. **The hour before**EUR/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](https://interestratedecision.com/norges/#dates) · [Norges Bank overview](https://interestratedecision.com/norges/). [← Previous decision**Norges Bank, November 2025**Held at 4.00%](https://interestratedecision.com/norges/november-2025/) [Next decision →**Norges Bank, January 2026**Thu, Jan 22, 10:00 AM GMT+1](https://interestratedecision.com/norges/january-2026/) **The same week:** [Riksbank, Thu, Dec 18](https://interestratedecision.com/riksbank/december-2025/) · [BoE, Thu, Dec 18](https://interestratedecision.com/boe/december-2025/) · [ECB, Thu, Dec 18](https://interestratedecision.com/ecb/december-2025/) · [BoJ, Fri, Dec 19](https://interestratedecision.com/boj/december-2025/) · [this week's decisions](https://interestratedecision.com/this-week/) **Norges Bank:** [Will Norges Bank raise or cut rates?](https://interestratedecision.com/norges/will-norges-bank-raise-rates/) · [Norges Bank rate odds](https://interestratedecision.com/norges/rate-odds/) · [Norges Bank meeting dates 2025](https://interestratedecision.com/norges/meeting-dates-2025/) · [Norges Bank rate history since 2008](https://interestratedecision.com/norges/rate-history/) · [all central bank rates](https://interestratedecision.com/central-bank-rates/) 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. By Forexia ## Learn the read behind every projection. Forexia teaches the same read this site measures: where the stops rest before a release, the hunt, and the close back that says it is done. Courses, live signals for members, and a community of traders who chart the same way. [Explore Forexia](https://forexiapro.com/?via=interestratedecision) [Free Telegram channel](https://t.me/forexia2)