> Norges Bank Interest Rate Decision June 2025: Cut 25 bp to 4.25%
> Source: https://interestratedecision.com/norges/june-2025/ · Content last changed: 2025-06-19
> InterestRateDecision.com: free to quote with a link to the page above.

Cut 25 bp to 4.25%, 25 bp more dovish than expected (Norges Bank, Jun 19, 2025). EUR/NOK: hour-before range 230 pips, first spike 1095 pips above, +341 pips…

# 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.

Decision**4.25%**▼ cut −25 bp

Against expected**25 bp more dovish than expected**expected 4.50%

Previous**4.50%**policy rate

EUR/NOK one hour later **+341 pips** from the last price before

Figures as of Nov 3, 2026, 10:15 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](https://interestratedecision.com/about/#method).

1.  **The hour before**EUR/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](https://interestratedecision.com/norges/#dates) · [Norges Bank overview](https://interestratedecision.com/norges/).

[← Previous decision**Norges Bank, May 2025**Held at 4.50%](https://interestratedecision.com/norges/may-2025/) [Next decision →**Norges Bank, August 2025**Thu, Aug 14, 10:00 AM GMT+2](https://interestratedecision.com/norges/august-2025/)

**The same week:** [BoJ, Tue, Jun 17](https://interestratedecision.com/boj/june-2025/) · [Riksbank, Wed, Jun 18](https://interestratedecision.com/riksbank/june-2025/) · [Fed, Wed, Jun 18](https://interestratedecision.com/fed/june-2025/) · [SNB, Thu, Jun 19](https://interestratedecision.com/snb/june-2025/) · [BoE, Thu, Jun 19](https://interestratedecision.com/boe/june-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 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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