Interest Rate Decision Riksbank in 1d 0h
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Norges Bank Interest Rate Decision, May 2026

Norges Bank raised the policy rate 25 bp to 4.25% on May 7, 2026, 25 bp more hawkish than expected.

Decision4.25%▲ hike +25 bp
Against expected25 bp more hawkish than expectedexpected 4.00%
Previous4.00%policy rate
EUR/NOK one hour later −245 pips from the last price before

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

The result

What Norges Bank decided in May 2026

The move +25 bp Raised 25 bp to 4.25%, from 4.00%.
Against expected +25 bp Economists expected: hold at 4.00%. The decision was 25 bp more hawkish than expected.
Timing 10:00 AM GMT+2 Thursday, May 7, 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 May 7, 2026 The hour before the 10:00 announcement ranged 521 pips. The first spike went below it by 378 pips, and did not close back inside within the hour. 10.84 10.86 10.88 10.90 10.92 10.94 09:00 09:30 10:00 10:30 11:00 11:30 THE HOUR BEFORE Norges Bank 10:00 Spike 10.85473 · 378 pips past the hour's low
  1. The hour beforeEUR/NOK ranged 521 pips, from 10.89253 to 10.94467, and was at 10.89626 at the announcement.
  2. The first spike After 0 minutes price went through the hour's low and ran 378 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: −229 pips at 15 minutes, −245 pips at one hour, −350 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, March 2026Held at 4.00% Next decision →Norges Bank, June 2026Thu, Jun 18, 10:00 AM GMT+2
Questions

Norges Bank May 2026 decision: questions

What time was Norges Bank interest rate decision on May 7, 2026?

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 May 2026?

Raised 25 bp to 4.25% (previous 4.00%). Economists expected: hold at 4.00%, so the decision was 25 bp more hawkish than expected.

How did EUR/NOK react to Norges Bank decision in May 2026?

On one-minute candles: the hour before ranged 521 pips; the first spike went below it by 378 pips; it did not close back inside within the hour; after one hour EUR/NOK was −245 pips from its pre-announcement price.

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