Differansen mellom tremåneders pengemarkedsrente i Norge1) og hos handelspartnerne2). Prosentenheter. Importveid valutakursindeks (I­44) 3). 1. kv. 2013 – 4. kv. 2022  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 7. desember for PPR 4/18 og per 15. mars 2019 for PPR 1/19. 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 pengemarkedsrente 1. kv. 2019 – 3. kv. 2022. Anslag for I­44 1. kv. 2019 – 4. kv. 2022. Kilder: Thomson Reuters og Norges Bank
Three­month money market rate differential between Norway1) and trading partners2). Percentage points. Import­weighted exchange rate index (I­44) 3). 2013 Q1 – 2022 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 7 December for MPR 4/18 and 15 March 2019 for MPR 1/19. 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 money market rate 2019 Q1 – 2022 Q3. Projections for I­44 2019 Q1 – 2022 Q4. Sources: Thomson Reuters and Norges Bank
Innhold	Index	Anslag/Projections
	Tre mnd. rentedifferanse PPR 4/18	I­44 PPR 4/18	I­44	Tre mnd. rentedifferanse
	Three­month rate differential MPR 4/18	I­44 MPR 4/18	I­44	Three­month rate differential
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			104,45	0,67
30.09.2018			103,71	0,61
31.12.2018	0,68	104,50	104,93	0,67
31.03.2019	0,71	104,50	106,50	0,71
30.06.2019	0,83	103,47	104,63	0,95
30.09.2019	0,89	102,96	103,69	1,10
31.12.2019	0,93	102,53	102,98	1,22
31.03.2020	0,96	102,25	102,52	1,33
30.06.2020	0,99	101,77	102,00	1,39
30.09.2020	1,02	101,32	101,70	1,42
31.12.2020	1,07	100,91	101,64	1,43
31.03.2021	1,13	100,52	101,61	1,43
30.06.2021	1,20	100,35	101,58	1,42
30.09.2021	1,28	100,25	101,58	1,39
31.12.2021		100,19	101,57	1,36
31.03.2022			101,57	1,33
30.06.2022			101,57	1,29
30.09.2022			101,57	1,26
31.12.2022			101,57