Differansen mellom tremåneders pengemarkedsrente i Norge 1) og hos handelspartnerne2). 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 9. mars 2018 for PPR 1/18 og per 15. juni  2018 for PPR 2/18. Aggregatet for handelspartnernes renter er beskrevet i Norges Bank Memo 2/2015. 3) Stigende kurve indikerer sterkere kronekurs. 4) Anslag for 2. kv. 2018 – 4. kv. 2021. Kilder: Thomson Reuters og Norges Bank
Three­month money market rate differential between Norway1) and trading partners2). 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 key policy rate in the current and subsequent quarter plus an estimate of the money market premium. 2) Forward rates for trading partners at 9 March 2018 for MPR 1/18 and 15 June 2018 for MPR 2/18. The aggregate for trading partner interest rates is described in Norges Bank Papers 2/2015. 3) A positive slope denotes a stronger krone exchange rate. 4) Projections for 2018 Q2 – 2021 Q4. Sources: Thomson Reuters and Norges Bank
Innhold	Index	Anslag/Projections
	Tre mnd. rentedifferanse PPR 1/18	I­44 PPR 1/18	I­44	Tre mnd. rentedifferanse
	Three­month rate differential MPR 1/18	I­44 MPR 1/18	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	0,66	103,59	103,59	0,66
31.12.2017	0,63	106,00	106,00	0,63
31.03.2018	0,66	105,50	105,46	0,64
30.06.2018	0,64	104,03	104,50	0,71
30.09.2018	0,65	103,15	102,01	0,68
31.12.2018	0,73	102,29	100,71	0,80
31.03.2019	0,77	101,68	99,88	0,81
30.06.2019	0,79	101,31	99,34	0,87
30.09.2019	0,81	101,04	98,91	0,93
31.12.2019	0,83	100,82	98,60	0,99
31.03.2020	0,85	100,65	98,36	1,04
30.06.2020	0,87	100,52	98,16	1,09
30.09.2020	0,90	100,43	98,02	1,14
31.12.2020	0,94	100,39	97,94	1,19
31.03.2021	0,99	100,34	97,89	1,24
30.06.2021	1,03	100,33	97,92	1,28
30.09.2021	1,07	100,32	97,99	1,34
31.12.2021		100,31	98,07