Norges Bank

Policy rate monthly average

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

Month Policy rate Reserve rate Overnight lending rate
4.5 3.5 5.5
4.5 3.5 5.5
4.5 3.5 5.5
4.5 3.5 5.5
4.5 3.5 5.5
4.37 3.37 5.37
4.25 3.25 5.25
4.25 3.25 5.25
4.07 3.07 5.07
3.86 2.86 4.86
3.75 2.75 4.75
3.39 2.39 4.39
3.21 2.21 4.21
3.00 2.00 4.00
2.82 1.82 3.82
2.75 1.75 3.75
2.75 1.75 3.75
2.62 1.62 3.62
2.47 1.47 3.47
2.25 1.25 3.25
1.89 0.89 2.89
1.45 0.45 2.45
1.25 0.25 2.25
0.87 -0.13 1.87
0.75 -0.25 1.75
0.75 -0.25 1.75
0.55 -0.45 1.55
0.5 -0.5 1.5
0.5 -0.5 1.5
0.36 -0.64 1.36
0.25 -0.75 1.25
0.25 -0.75 1.25
0.06 -0.94 1.06
0.00 -1.00 1.00
0.00 -1.00 1.00
0.00 -1.00 1.00
0.00 -1.00 1.00
0.00 -1.00 1.00
0.00 -1.00 1.00
0.00 -1.00 1.00
0.00 -1.00 1.00
0.00 -1.00 1.00
0.00 -1.00 1.00
0.00 -1.00 1.00
0.00 -1.00 1.00
0.00 -1.00 1.00
0.00 -1.00 1.00
0.00 -1.00 1.00
0.05 -0.95 1.05
0.25 -0.75 1.25
0.99 -0.01 1.99
1.5 0.5 2.5
1.5 0.5 2.5
1.5 0.5 2.5
1.5 0.5 2.5
1.5 0.5 2.5
1.33 0.33 2.33
1.25 0.25 2.25
1.25 0.25 2.25
1.08 0.08 2.08

For more data see Norges Bank's API for open data