Interest Rate Decision Riksbank in 22h 13m
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Norges Bank Interest Rate Decision, March 2025

Norges Bank held the policy rate at 4.50% on March 27, 2025, as expected.

Decision4.50%■ hold
Against expectedAs expectedexpected 4.50%
Previous4.50%policy rate
EUR/NOK one hour later −180 pips from the last price before

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

The result

What Norges Bank decided in March 2025

The move Hold Held at 4.50%.
Against expected No surprise Economists expected: hold at 4.50%. The decision was as expected.
Timing 10:00 AM GMT+1 Thursday, March 27, 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 Mar 27, 2025 The hour before the 10:00 announcement ranged 316 pips. The first spike went below it by 382 pips, and a five-minute candle closed back inside after 15 minutes. 11.32 11.34 11.36 11.38 09:00 09:30 10:00 10:30 11:00 11:30 THE HOUR BEFORE Norges Bank 10:00 Spike 11.32191 · 382 pips past the hour's low Closed back inside · 15 min
  1. The hour beforeEUR/NOK ranged 316 pips, from 11.36012 to 11.39174, and was at 11.38246 at the announcement.
  2. The first spike After 0 minutes price went through the hour's low and ran 382 pips past it.
  3. The close back A five-minute candle closed back inside the range after 15 minutes.
  4. The other side Price did not trade through the opposite edge within four hours.
  5. The moves From the last price before the announcement: −203 pips at 15 minutes, −180 pips at one hour, −454 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 of the closed-back cases. Counts include the decisions where it did not close back. All Norges Bank dates · Norges Bank overview.

← Previous decisionNorges Bank, January 2025Held at 4.50% Next decision →Norges Bank, May 2025Thu, May 8, 10:00 AM GMT+2
Questions

Norges Bank March 2025 decision: questions

What time was Norges Bank interest rate decision on Mar 27, 2025?

It was announced at 10:00 AM GMT+1 (5:00 AM EDT New York, 9:00 AM London London).

What did Norges Bank decide in March 2025?

Held at 4.50% (previous 4.50%). Economists expected: hold at 4.50%, so the decision was as expected.

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

On one-minute candles: the hour before ranged 316 pips; the first spike went below it by 382 pips; a five-minute candle closed back inside after 15 minutes; after one hour EUR/NOK was −180 pips from its pre-announcement price.

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