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
2023-08	3.86	2.86	4.86
2023-07	3.75	2.75	4.75
2023-06	3.39	2.39	4.39
2023-05	3.21	2.21	4.21
2023-04	3.00	2.00	4.00
2023-03	2.82	1.82	3.82
2023-02	2.75	1.75	3.75
2023-01	2.75	1.75	3.75
2022-12	2.62	1.62	3.62
2022-11	2.47	1.47	3.47
2022-10	2.25	1.25	3.25
2022-09	1.89	0.89	2.89
2022-08	1.45	0.45	2.45
2022-07	1.25	0.25	2.25
2022-06	0.87	-0.13	1.87
2022-05	0.75	-0.25	1.75
2022-04	0.75	-0.25	1.75
2022-03	0.55	-0.45	1.55
2022-02	0.5	-0.5	1.5
2022-01	0.5	-0.5	1.5
2021-12	0.36	-0.64	1.36
2021-11	0.25	-0.75	1.25
2021-10	0.25	-0.75	1.25
2021-09	0.06	-0.94	1.06
2021-08	0.00	-1.00	1.00
2021-07	0.00	-1.00	1.00
2021-06	0.00	-1.00	1.00
2021-05	0.00	-1.00	1.00
2021-04	0.00	-1.00	1.00
2021-03	0.00	-1.00	1.00
2021-02	0.00	-1.00	1.00
2021-01	0.00	-1.00	1.00
2020-12	0.00	-1.00	1.00
2020-11	0.00	-1.00	1.00
2020-10	0.00	-1.00	1.00
2020-09	0.00	-1.00	1.00
2020-08	0.00	-1.00	1.00
2020-07	0.00	-1.00	1.00
2020-06	0.00	-1.00	1.00
2020-05	0.05	-0.95	1.05
2020-04	0.25	-0.75	1.25
2020-03	0.99	-0.01	1.99
2020-02	1.5	0.5	2.5
2020-01	1.5	0.5	2.5
2019-12	1.5	0.5	2.5
2019-11	1.5	0.5	2.5
2019-10	1.5	0.5	2.5
2019-09	1.33	0.33	2.33
2019-08	1.25	0.25	2.25
2019-07	1.25	0.25	2.25
2019-06	1.08	0.08	2.08
2019-05	1.00	0.00	2.00
2019-04	1.00	0.00	2.00
2019-03	0.82	-0.18	1.82
2019-02	0.75	-0.25	1.75
2019-01	0.75	-0.25	1.75
2018-12	0.75	-0.25	1.75
2018-11	0.75	-0.25	1.75
2018-10	0.75	-0.25	1.75
2018-09	0.58	-0.43	1.58

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