> Norges Bank Rate Decision May 2026: Raised 25 bp to 4.25% > Source: https://interestratedecision.com/norges/may-2026/ · Content last changed: 2026-05-07 > InterestRateDecision.com: free to quote with a link to the page above. Raised 25 bp to 4.25%, 25 bp more hawkish than expected (Norges Bank, May 7, 2026). EUR/NOK: hour-before range 521 pips, first spike 378 pips below, −245… # 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. Decision**4.25%**▲ hike +25 bp Against expected**25 bp more hawkish than expected**expected 4.00% Previous**4.00%**policy rate EUR/NOK one hour later **−245 pips** from the last price before Figures as of Nov 3, 2026, 10:15 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](https://interestratedecision.com/about/#method). 1. **The hour before**EUR/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](https://interestratedecision.com/norges/#dates) · [Norges Bank overview](https://interestratedecision.com/norges/). [← Previous decision**Norges Bank, March 2026**Held at 4.00%](https://interestratedecision.com/norges/march-2026/) [Next decision →**Norges Bank, June 2026**Thu, Jun 18, 10:00 AM GMT+2](https://interestratedecision.com/norges/june-2026/) **The same week:** [RBA, Tue, May 5](https://interestratedecision.com/rba/may-2026/) · [Riksbank, Thu, May 7](https://interestratedecision.com/riksbank/may-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 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. 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)