> Norges Bank Interest Rate Decision January 2026: Held at 4.00% > Source: https://interestratedecision.com/norges/january-2026/ · Content last changed: 2026-01-22 > InterestRateDecision.com: free to quote with a link to the page above. Held at 4.00%, as expected (Norges Bank, Jan 22, 2026). EUR/NOK: hour-before range 413 pips, no break in 30 minutes, −73 pips after one hour. # Norges Bank Interest Rate Decision, January 2026 Norges Bank held the policy rate at 4.00% on January 22, 2026, as expected. Decision**4.00%**■ hold Against expected**As expected**expected 4.00% Previous**4.00%**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](https://interestratedecision.com/about/#method). 1. **The hour before**EUR/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](https://interestratedecision.com/norges/#dates) · [Norges Bank overview](https://interestratedecision.com/norges/). [← Previous decision**Norges Bank, December 2025**Held at 4.00%](https://interestratedecision.com/norges/december-2025/) [Next decision →**Norges Bank, March 2026**Thu, Mar 26, 10:00 AM GMT+1](https://interestratedecision.com/norges/march-2026/) **The same week:** [BoJ, Fri, Jan 23](https://interestratedecision.com/boj/january-2026/) · [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 2026](https://interestratedecision.com/norges/meeting-dates-2026/) · [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 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. 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)