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Norges Bank Interest Rate Decision, November 2026
The Monetary Policy and Financial Stability Committee announces on Thursday, November 5, 2026 at 10:00 AM GMT+1. Economists expect a hold at 4.50%.
Figures as of Nov 3, 2026, 8:20 AM UTC.
When is Norges Bank decision?
- Oslo
- Thu, Nov 5 · 10:00 AM GMT+1
- New York
- Thu, Nov 5 · 4:00 AM EST
- London
- Thu, Nov 5 · 9:00 AM London
- Tokyo
- Thu, Nov 5 · 6:00 PM Tokyo
- UTC
- Thu, Nov 5 · 9:00 AM UTC
- Your time
- 9:00 AM UTC
What is expected
- Consensus
- 4.50%
- Previous
- 4.50%
- Reading
- Hold at 4.50%
An expected move is already in the price: only the difference between the decision and the expectation tends to move it.
What will Norges Bank do?
The split shows once you vote. Voting closes at the announcement, in 2d 0h.
EUR/NOK levels to watch before Norges Bank decision
Drawn from real 15-minute candles: the nearest standing high and low, where stops rest. A: the spike runs the high, closes back, and the low is next. B: the mirror. Where to look, not a promise: some days one plays and some days neither does. Vote on which one plays: it is settled on the 15-minute candles of the 24 hours after the announcement.
Which play happens on EUR/NOK?
The split shows once you vote. Voting closes at the announcement, in 2d 0h.
Last price 10.36874. Levels are as of the candle that closed Nov 3, 2026, 8:15 AM UTC UTC; they are not updated until the site is rebuilt, and the vote is settled on the map as it stands at the announcement. This is where to look, not advice.
How the last Norges Bank decisions moved EUR/NOK
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.
| Date | Decision | First side | Closed back | After 60 min |
|---|---|---|---|---|
| Sep 24, 2026 | ▲ hike 4.50% | ▼ 619 pips | 35 min | −298 pips |
| Aug 13, 2026 | ■ hold 4.25% | ▼ 141 pips | 5 min | +498 pips |
| Jun 18, 2026 | ■ hold 4.25% | ▲ 114 pips | 10 min | +351 pips |
| May 7, 2026 | ▲ hike 4.25% | ▼ 378 pips | No | −245 pips |
| Mar 26, 2026 | ■ hold 4.00% | ▼ 127 pips | 5 min | +9.6 pips |
| Jan 22, 2026 | ■ hold 4.00% | None | — | −73 pips |
Up and down are the pair EUR/NOK. A hawkish surprise (a bigger hike, a smaller cut, a hold when a cut was expected) tends to push EUR/NOK down, because NOK is its second currency; a dovish one pushes it up.
Norges Bank November 2026 decision: questions
What time is Norges Bank interest rate decision on Nov 5, 2026?
10:00 AM GMT+1 Oslo time on Thursday, November 5, 2026, which is 4:00 AM EST in New York and 9:00 AM London in London.
What is expected from Norges Bank in November 2026?
Economists expect: hold at 4.50%. The rate now is 4.50%.
How does Norges Bank decision move EUR/NOK, and what should I watch?
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. The decision against what was expected. Past reactions describe what happened, not what will.
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