Interest Rate Decision Riksbank in 22h 13m
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Norges Bank Interest Rate Decision, January 2026

Norges Bank held the policy rate at 4.00% on January 22, 2026, as expected.

Decision4.00%■ hold
Against expectedAs expectedexpected 4.00%
Previous4.00%policy rate
EUR/NOK one hour later −73 pips from the last price before

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

The result

What Norges Bank decided in January 2026

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, January 22, 2026.
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 Jan 22, 2026 The hour before the 10:00 announcement ranged 413 pips. Price did not leave that range in the first 30 minutes. 11.57 11.58 11.59 11.60 11.61 09:00 09:30 10:00 10:30 11:00 11:30 THE HOUR BEFORE Norges Bank 10:00
  1. The hour beforeEUR/NOK ranged 413 pips, from 11.57039 to 11.61169, and was at 11.58628 at the announcement.
  2. The first spike Price did not leave the hour-before range in the first 30 minutes.
  3. The close back Nothing to close back: the range was never broken.
  4. The other side Not measured: it needs a close back first.
  5. The moves From the last price before the announcement: −11 pips at 15 minutes, −73 pips at one hour, −162 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 never broke the hour-before range in 30 minutes. Counts include the decisions where it did not close back. All Norges Bank dates · Norges Bank overview.

← Previous decisionNorges Bank, December 2025Held at 4.00% Next decision →Norges Bank, March 2026Thu, Mar 26, 10:00 AM GMT+1
Questions

Norges Bank January 2026 decision: questions

What time was Norges Bank interest rate decision on Jan 22, 2026?

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 January 2026?

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 January 2026?

On one-minute candles: the hour before ranged 413 pips; price did not leave that range in the first 30 minutes; after one hour EUR/NOK was −73 pips from its pre-announcement price.

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