Interest Rate Decision Riksbank in 1d 0h
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Norges Bank Interest Rate Decision, June 2025

Norges Bank lowered the policy rate 25 bp to 4.25% on June 19, 2025, 25 bp more dovish than expected.

Decision4.25%▼ cut −25 bp
Against expected25 bp more dovish than expectedexpected 4.50%
Previous4.50%policy rate
EUR/NOK one hour later +341 pips from the last price before

Figures as of Nov 3, 2026, 8:20 AM UTC.

The result

What Norges Bank decided in June 2025

The move −25 bp Cut 25 bp to 4.25%, from 4.50%.
Against expected −25 bp Economists expected: hold at 4.50%. The decision was 25 bp more dovish than expected.
Timing 10:00 AM GMT+2 Thursday, June 19, 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 Jun 19, 2025 The hour before the 10:00 announcement ranged 230 pips. The first spike went above it by 1095 pips, and did not close back inside within the hour. 11.45 11.50 11.55 11.60 09:00 09:30 10:00 10:30 11:00 11:30 THE HOUR BEFORE Norges Bank 10:00 Spike 11.59560 · 1095 pips past the hour's high
  1. The hour beforeEUR/NOK ranged 230 pips, from 11.46307 to 11.48608, and was at 11.47541 at the announcement.
  2. The first spike After 0 minutes price went through the hour's high and ran 1095 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: +948 pips at 15 minutes, +341 pips at one hour, +442 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, May 2025Held at 4.50% Next decision →Norges Bank, August 2025Thu, Aug 14, 10:00 AM GMT+2
Questions

Norges Bank June 2025 decision: questions

What time was Norges Bank interest rate decision on Jun 19, 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 June 2025?

Cut 25 bp to 4.25% (previous 4.50%). Economists expected: hold at 4.50%, so the decision was 25 bp more dovish than expected.

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

On one-minute candles: the hour before ranged 230 pips; the first spike went above it by 1095 pips; it did not close back inside within the hour; after one hour EUR/NOK was +341 pips from its pre-announcement price.

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