DNB first major bank to raise interest rates

Economy & businessEconomyMay 11, 2026 at 09:47 AM

Key Points

DNB raises deposit and lending rates by up to 0.25 percentage points.
Key policy rate increased from 4% to 4.25% last week.
April price growth slowed to 3.4%.

25% last week due to continued high price growth, according to multiple reports. 4%. Norges Bank signaled another rate hike within the year.

However, according to Adresseavisen, chief economist Kyrre M. Knudsen described the slower price growth as pointing towards the next rate increase not coming in June. It remains unclear when the next rate hike will occur and whether other major banks will follow DNB's lead.