> Norges Bank Rate Decision September 2025: Cut 25 bp to 4.00% > Source: https://interestratedecision.com/norges/september-2025/ · Content last changed: 2025-09-18 > InterestRateDecision.com: free to quote with a link to the page above. Cut 25 bp to 4.00%, as expected (Norges Bank, Sep 18, 2025). EUR/NOK: hour-before range 240 pips, first spike 71 pips above, −423 pips after one hour. # Norges Bank Interest Rate Decision, September 2025 Norges Bank lowered the policy rate 25 bp to 4.00% on September 18, 2025, as expected. Decision**4.00%**▼ cut −25 bp Against expected**As expected**expected 4.00% Previous**4.25%**policy rate EUR/NOK one hour later **−423 pips** from the last price before Figures as of Nov 3, 2026, 10:15 AM UTC. The result ## What Norges Bank decided in September 2025 The move **−25 bp** Cut 25 bp to 4.00%, from 4.25%. Against expected **No surprise** Economists expected: cut 25 bp to 4.00%. The decision was as expected. Timing **10:00 AM GMT+2** Thursday, September 18, 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 240 pips, from 11.62041 to 11.64437, and was at 11.62067 at the announcement. 2. **The first spike** After 0 minutes price went through the hour's high and ran 71 pips past it. 3. **The close back** A five-minute candle closed back inside the range after 5 minutes. 4. **The other side** Price then traded through the opposite edge of the range within four hours. 5. **The moves** From the last price before the announcement: −26 pips at 15 minutes, −423 pips at one hour, −398 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](https://interestratedecision.com/norges/#dates) · [Norges Bank overview](https://interestratedecision.com/norges/). [← Previous decision**Norges Bank, August 2025**Held at 4.25%](https://interestratedecision.com/norges/august-2025/) [Next decision →**Norges Bank, November 2025**Thu, Nov 6, 10:00 AM GMT+1](https://interestratedecision.com/norges/november-2025/) **The same week:** [BoC, Wed, Sep 17](https://interestratedecision.com/boc/september-2025/) · [Fed, Wed, Sep 17](https://interestratedecision.com/fed/september-2025/) · [BoE, Thu, Sep 18](https://interestratedecision.com/boe/september-2025/) · [BoJ, Fri, Sep 19](https://interestratedecision.com/boj/september-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 September 2025 decision: questions What time was Norges Bank interest rate decision on Sep 18, 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 September 2025? Cut 25 bp to 4.00% (previous 4.25%). Economists expected: cut 25 bp to 4.00%, so the decision was as expected. How did EUR/NOK react to Norges Bank decision in September 2025? On one-minute candles: the hour before ranged 240 pips; the first spike went above it by 71 pips; a five-minute candle closed back inside after 5 minutes; after one hour EUR/NOK was −423 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)