Norges Bank

Monetary Policy and Financial Stability CommitteeON HOLD

Rate

4.25%

Target

2.0% CPI

Hawk/Dove

+0.476

Decision

consensus

Votes

Not published

Hawk/Dove Stance

DovishNeutralHawkish

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Series:

Policy Rate History

Hawk/Dove History

Policy Rate × Hawk/Dove Overlay

Policy Rate (LHS)Hawk/Dove (RHS)

Recent Speeches

Ida Wolden Bache — Schweigaard lecture: Ten questions and answers about monetary policy

2026-08-27

+0.50

Ida Wolden Bache — Policy rate kept unchanged at this meeting

2026-08-13

+0.40

Ida Wolden Bache — Policy rate kept unchanged at this meeting

2026-06-18

+0.70

Ida Wolden Bache — Research-based models in monetary policy decision-making

2026-05-21

+0.10

Ida Wolden Bache — The conduct of monetary policy

2026-05-08

+0.65

Ida Wolden Bache — Policy rate raised to 4.25 percent

2026-05-07

+0.70

Ida Wolden Bache — Policy rate kept unchanged at this meeting

2026-03-26

+0.70

Pål Longva — Report from Norges Bank Watch

2026-02-25

-0.25

Monetary Policy and Financial Stability Committee — Hawk/Dove Scorecard

Full scorecard →

Consensus-based — Scored from NLP-analysed speeches. Click any member for charts.

Ida Wolden Bache

Governor

+0.28

GovernorVoter60 speeches

Øystein Børsum

Deputy Governor, Second Deputy Chair

0.00

DeputyVoter1 speeches

Pål Longva

Deputy Governor, First Deputy Chair

+0.07

DeputyVoter6 speeches

Hilde Christiane Bjørnland

External Member

+0.15

ExternalVoter5 speeches

Steinar Holden

External Member

+0.05

ExternalVoter4 speeches