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

Norges Bank raised the policy rate 25 bp to 4.50% on September 24, 2026, as expected.

Decision4.50%▲ hike +25 bp
Against expectedAs expectedexpected 4.50%
Previous4.25%policy rate
EUR/NOK one hour later −298 pips from the last price before

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

The result

What Norges Bank decided in September 2026

The move +25 bp Raised 25 bp to 4.50%, from 4.25%.
Against expected No surprise Economists expected: hike 25 bp to 4.50%. The decision was as expected.
Timing 10:00 AM GMT+2 Thursday, September 24, 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 Sep 24, 2026 The hour before the 10:00 announcement ranged 145 pips. The first spike went below it by 619 pips, and a five-minute candle closed back inside after 35 minutes. 10.72 10.74 10.76 10.78 10.80 09:00 09:30 10:00 10:30 11:00 11:30 THE HOUR BEFORE Norges Bank 10:00 Spike 10.72222 · 619 pips past the hour's low Closed back inside · 35 min
  1. The hour beforeEUR/NOK ranged 145 pips, from 10.78411 to 10.79860, and was at 10.78959 at the announcement.
  2. The first spike After 0 minutes price went through the hour's low and ran 619 pips past it.
  3. The close back A five-minute candle closed back inside the range after 35 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: −232 pips at 15 minutes, −298 pips at one hour, −4.6 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, August 2026Held at 4.25% Next decision →Norges Bank, November 2026Thu, Nov 5, 10:00 AM GMT+1
Questions

Norges Bank September 2026 decision: questions

What time was Norges Bank interest rate decision on Sep 24, 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 September 2026?

Raised 25 bp to 4.50% (previous 4.25%). Economists expected: hike 25 bp to 4.50%, so the decision was as expected.

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

On one-minute candles: the hour before ranged 145 pips; the first spike went below it by 619 pips; a five-minute candle closed back inside after 35 minutes; after one hour EUR/NOK was −298 pips from its pre-announcement price.

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