In 1979, with the renewal of inflation, the reversal of the trend of the balance on current account and the global rise in interest rates, rates on Treasury bonds rose steeply ; the banks, however, were not willing to increase their deposit rates to the same extent, because they needed to keep a substantial margin between lending and deposit rates, and they were anxious not to increase lending rates too far.
I 1979 steg renten på statsobligationer stærkt i forbindelse med den tiltagende inflation, omsvinget i handelsbalancens løbende poster og den generelle stigning i renterne; bankerne var imidlertid ikke villige til at sætte deres indlånsrente i vejret i samme grad, eftersom de behøvede en stor margen mellem indog udlånsrenten og ikke var ivrige efter at sætte udlånsrenten for meget op.