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
3.54 2.54 4.54
1.33 0.33 2.33
0.08 -0.92 1.08
0.36 -0.64 1.36
1.15 0.15 2.15
0.57 -0.43 1.57
0.5 -0.5 1.5
0.55 -0.45 1.55
1.05 0.05 2.05
1.49 0.49 2.49
1.5 0.5 2.5
1.55 0.55 2.55
2.14 1.16 3.14
1.92 2.92
1.75 2.75
5.32 6.32
4.38 5.59
2.74 4.74
1.92 3.92
1.82 3.82
4.21 6.21
6.73 8.73
6.98 8.98
6.22 8.22
6.35 8.35
5.51 7.51
3.38 5.38
4.48 6.48
4.75 6.75
4.78 6.78
6.5 7.95
9.5 10.64
8.34 9.94
10.82
10.6
13.08
13.9
14.16
11.36
10.8
10.06
11.03