Norges Bank Increase Interest Rates To 3%, Says SEB

Norges Bank's Executive Board have decided to raise the sight deposit rate by 0.25 percentage point to 3.00 per cent with effect from 17 August 2006. The interest rate on banks' overnight loans is also being raised by 0.25 percentage

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Norges Bank’s Executive Board have decided to raise the sight deposit rate by 0.25 percentage point to 3.00 per cent with effect from 17 August 2006. The interest rate on banks’ overnight loans is also being raised by 0.25 percentage point.

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