Norges Bank

Policy rate annual average

Annual average of daily observations. Up to summer 1993 the interest rate on bank's overnight loans (D-loans) was Norges Bank's policy rate.

Year Policy rate Reserve rate Overnight lending rate
2020 0.36 -0.64 1.36
2019 1.15 0.15 2.15
2018 0.57 -0.43 1.57
2017 0.50 -0.50 1.50
2016 0.55 -0.45 1.55
2015 1.05 0.05 2.05
2014 1.49 0.49 2.49
2013 1.50 0.50 2.50
2012 1.55 0.55 2.55
2011 2.14 1.16 3.14
2010 1.92 2.92
2009 1.75 2.75
2008 5.32 6.32
2007 4.38 5.59
2006 2.74 4.74
2005 1.92 3.92
2004 1.82 3.82
2003 4.21 6.21
2002 6.73 8.73
2001 6.98 8.98
2000 6.22 8.22
1999 6.35 8.35
1998 5.51 7.51
1997 3.38 5.38
1996 4.48 6.48
1995 4.75 6.75
1994 4.78 6.78
1993 6.50 7.95
1992 9.50 10.64
1991 8.34 9.94
1990 10.82
1989 10.60
1988 13.08
1987 13.90
1986 14.16
1985 11.36
1984 10.80
1983 10.06
1982 11.03