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24.23 Average interest rate on loans from commercial and savings banks, average interest rate on bank deposits and domestic bearer bonds per 31 December. Per cent

Year	Bank deposit interest rate	Bearer bonds
1900	4.8	4.0
1905	3.5	4.2
1910	3.5	4.2
1915	4.0	4.6
1916	3.7	4.8
1917	4.1	4.8
1918	4.6	5.0
1919	4.6	5.1
1920	5.3	5.4
1921	5.5	5.6
1922	4.4	5.5
1923	4.4	5.4
1924	5.2	5.6
1925	4.2	5.6
1926	4.0	5.5
1927	3.4	5.5
1928	4.0	5.5
1929	4.0	5.5
1930	3.3	5.4
1931	3.4	5.2
1932	3.3	5.2
1933	2.8	5.1
1934	2.6	5.1
1935	2.6	4.9
1936	2.6	4.7
1937	3.0	4.6
1938	2.7	4.5
1939	2.7	4.4
1940	2.1	3.7
1941	1.6	3.7
1942	1.5	3.6
1943	1.4	3.6
1944	1.4	3.5
19452	1.5	3.5
19462	1.1	2.5
1947	1.1	2.3
1948	1.0	2.3
1949	1.1	2.3
1950	1.1	2.5
1951	1.1	2.9
1952	1.2	3.1
Year	Interest rate on loans	Inflation	Real interest rate1	Bank deposit interest rate	Bearer bonds
1953	..	1.9	..	1.2	3.3
1954	3.5	4.5	-1.0	1.2	3.0
1955	4.4	1.1	3.3	1.9	3.5
1956	4.5	3.6	0.9	2.1	3.9
1957	4.6	2.8	1.8	2.2	4.0
1958	4.7	4.7	0.0	2.2	4.6
1959	4.8	2.6	2.2	2.2	4.7
1960	4.8	0.0	4.8	2.2	5.1
1961	4.9	2.5	2.4	2.3	5.0
1962	5.0	5.5	-0.5	2.4	5.1
1963	5.1	2.6	2.5	2.4	5.0
1964	5.2	5.6	-0.5	2.5	5.0
1965	5.3	4.3	1.0	2.6	5.1
1966	5.4	3.1	2.3	2.6	5.1
1967	5.5	4.5	1.0	2.7	5.0
1968	5.6	3.3	2.3	2.8	5.0
1969	6.5	3.2	3.2	3.5	5.2
1970	6.6	10.7	-4.2	3.7	5.7
1971	6.6	6.0	0.5	3.8	5.9
1972	6.7	7.2	-0.6	3.8	5.9
1973	6.8	7.6	-0.8	4.0	6.0
19743	7.6	9.4	-1.8	4.4	6.9
19753	8.5	11.6	-3.1	4.7	6.9
1976	8.9	9.2	-0.3	4.9	7.1
1977	9.1	9.0	0.1	5.1	7.2
1978	10.9	8.2	2.7	6.3	7.8
1979	11.1	4.8	6.3	6.9	8.5
1980	12.4	10.9	1.5	7.3	10.0
1981	13.2	13.6	-0.4	7.9	11.6
1982	13.8	11.3	2.5	8.4	13.2
1983	13.8	8.4	5.4	8.5	12.8
19844	13.4	6.2	7.2	8.9	12.2
19854	13.6	5.7	7.9	9.1	12.2
1986	16.1	7.2	8.9	10.4	13.3
1987	17.0	8.7	8.3	11.3	12.5
1988	16.8	6.7	10.1	10.7	12.8
1989	14.9	4.6	10.3	8.8	12.3
1990	14.7	4.1	10.6	8.9	11.9
1991	14.2	3.4	10.8	8.7	11.5
1992	14.3	2.3	12.0	9.1	11.1
1993	9.2	2.3	6.9	4.4	9.7

1	Interest rate on loans, less inflation (year average). Taxes are not considerated.
2	Nominal interest rate based on market holdings up to 1945. From 1946 nominal interest rate based on issues.
3	Commissions included in the interest rate from 1975. This caused an increase in the figures (e.g. 0.6 in 1975 and 0.2 in 1987).
4	Non-performing loans (i.e. defaulted loans on which the banks have stopped entering interest, commission and charges as income) are excluded from the statistics from 1985. This caused a 0.15 per cent jump in the interest rate figures in 1985.
Source: Banking and Credit Statistics. Current Figures and Norges Bank. Economic Bulletin.
More information:  http://www.ssb.no/english/subjects/11/01/orbofrent_en/

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