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Report published August 13, 2026

Norges Bank on Hold: Goldman Sachs Rates Strategy Analysis (August 2026)

Source and citation context

Report date
August 13, 2026
Analysis as of
Not stated in source

Authors / editors: Katya Vashkinskaya (Analyst)

Finvaulta summarizes Goldman Sachs's analysis. Attribute opinions, forecasts, time-sensitive values, and chronology to the issuer and report date; do not treat this page as an independent verification or a current market-data source.

Rates StrategyRates CreditRates Govt BondsOther

The Norges Bank kept rates at 4.25% and signaled increased data dependency by removing explicit future rate hike guidance. Goldman Sachs maintains its forecast for a September hike but warns it depends on upcoming inflation prints.

Key Takeaways

  • 1.The Norges Bank held the policy rate at 4.25% as expected.
  • 2.The Committee omitted previous guidance suggesting a 100% chance of a future rate hike, signaling data dependency.
  • 3.Goldman Sachs maintains a 25bp hike forecast for September but notes it is highly conditional on upcoming inflation data.

Table of Contents

  • KEY NUMBERS:
  • MAIN POINTS:
  • Disclosure Appendix

Report data

Key figures extracted from this report

MetricEstimateContext
Norges Bank Policy Rate4.25%Post-meeting policy decision
Source: Norges Bank. This is a dated model snapshot, not a live forecast.

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