|Adjustments||Not Seasonally Adjusted|
|Data||20 Feb 2020||1.38|
|19 Feb 2020||1.42|
Each day, Norges Bank publishes a compendium of interest rates with a one-day lag, including NIBOR (nominal and effective) from overnight to one year, and government securities (three months to ten years).
After omitting low and high rates based on provisions outlined in the rules, the Nibor panel banks submit interest rates for each maturity. Nibor is calculated as a simple average of these interest rates.
An individual panel bank submits interest rates that reflect the interest rates the bank would charge on lending in NOK to a leading bank that is active in the Norwegian money and foreign exchange markets. The rates should be regarded as the best possible estimates of the market rates, but not as binding offers.
Nibor is published as an annual nominal interest rate over 360 days, which is standard in the foreign exchange market. The percentage return over the term is calculated by dividing the interest rate by 360 and multiplying it by the actual number of days to maturity.
The data for the 10-year rate refers to the par yield rates. “Long term (in most cases 10 year) government bonds are the instrument whose yield is used as the representative ‘interest rate’ for this area. Generally the yield is calculated at the pre-tax level and before deductions for brokerage costs and commissions and is derived from the relationship between the present market value of the bond and that at maturity, taking into account also interest payments paid through to maturity.” (https://stats.oecd.org/index.aspx?queryid=86).
Daily interest rates are not revised after they are first published.
For more information visit http://www.norges-bank.no/en/Statistics/Interest-rates/