Differansen mellom tremåneders pengemarkedsrente i Norge1) og
hos handelspartnerne
2). Prosentenheter. Importveid valutakursindeks (I­44) 3).
1. kv. 2012 – 4. kv. 2021 
4)
1) Anslag for pengemarkedsrenten er beregnet som et gjennomsnitt av styringsrenten i inneværende og
neste kvartal pluss anslag på pengemarkedspåslaget.
2) Terminrenter for handelspartnerne beregnet per 14. september for PPR 3/18 og per 7. desember 2018
for PPR 4/18. Beregningen er beskrevet i Norges Bank (2015) «Beregning av aggregatet for
handelspartnernes renter». Norges Bank Memo 2/2015.
3) Stigende kurve indikerer sterkere kronekurs.
4) Anslag for 4. kv. 2018 – 4. kv. 2021.
Kilder: Thomson Reuters og Norges Bank
Three­month money market rate differential between Norway1) and
trading partners
2). Percentage points. Import­weighted exchange rate
index (I­44)
3). 2012 Q1 – 2021 Q4 4)
1) Projections for the money market rate are calculated as an average of the policy rate in the
current and subsequent quarter plus an estimate of the money market premium.
2) Forward rates for trading partners at 14 September for MPR 3/18 and 7 December 2018 for MPR 4/18.
See Norges Bank (2015) "Calculation of the aggregate for trading partner interest rates". Norges Bank
Papers 2/2015.
3) A positive slope denotes a stronger krone exchange rate.
4) Projections for 2018 Q4 – 2021 Q4.
Sources: Thomson Reuters and Norges Bank
Innhold Index Anslag/Projections
  Tre mnd. rentedifferanse PPR 3/18 I­44 PPR 3/18 I­44 Tre mnd. rentedifferanse
  Three­month rate differential MPR 3/18 I­44 MPR 3/18 I­44 Three­month rate differential
31.03.2012 87,65 1,36
30.06.2012 87,58 1,32
30.09.2012 87,24 1,34
31.12.2012 85,76 1,32
31.03.2013 85,56 1,35
30.06.2013 87,52 1,27
30.09.2013 90,05 1,22
31.12.2013 92,61 1,18
31.03.2014 93,10 1,19
30.06.2014 91,45 1,31
30.09.2014 93,09 1,35
31.12.2014 97,04 1,34
31.03.2015 100,99 1,17
30.06.2015 100,22 1,30
30.09.2015 105,06 1,08
31.12.2015 107,42 1,02
31.03.2016 108,12 1,00
30.06.2016 105,86 0,94
30.09.2016 105,17 1,04
31.12.2016 102,30 1,06
31.03.2017 102,66 0,93
30.06.2017 106,02 0,80
30.09.2017 103,59 0,66
31.12.2017 106,00 0,63
31.03.2018 105,46 0,64
30.06.2018 0,67 104,45 104,45 0,67
30.09.2018 0,66 103,87 103,71 0,61
31.12.2018 0,74 102,55 104,50 0,68
31.03.2019 0,77 101,76 104,50 0,71
30.06.2019 0,84 100,73 103,47 0,83
30.09.2019 0,88 100,11 102,96 0,89
31.12.2019 0,92 99,59 102,53 0,93
31.03.2020 0,97 99,10 102,25 0,96
30.06.2020 1,00 98,68 101,77 0,99
30.09.2020 1,04 98,34 101,32 1,02
31.12.2020 1,09 98,05 100,91 1,07
31.03.2021 1,13 97,83 100,52 1,13
30.06.2021 1,18 97,73 100,35 1,20
30.09.2021 1,24 97,70 100,25 1,28
31.12.2021 97,71 100,19