Gold has been one of the standout performers during 2020, rising from around $1500 an ounce to a whopping $2075 an ounce in August. However, with the precious metal having broken out of previous all-time…
Norges Bank: The conduct of monetary policy
Introductory statement by Governor Øystein Olsen at the hearing before the Standing Committee on Finance and Economic Affairs of the Storting (Norwegian parliament), 19 May 2020 Please note that the text below may differ from…
Norges Bank: Policy rate reduced to zero percent
Norges Bank’s Monetary Policy and Financial Stability Committee has unanimously decided to reduce the policy rate to zero percent. Activity in the Norwegian economy has fallen abruptly as a result of the coronavirus pandemic. The…
Norges Bank: Appointment of Nicolai Tangen
Following the Norwegian daily VG’s story on Saturday about incoming chief executive of Norges Bank Investment Management (NBIM) Nicolai Tangen’s seminar Back To University 14-17 November 2019, a number of questions have been raised regarding…
NORGES BANK : Government Pension Fund Global: Negative…
In the first quarter of 2020, the Government Pension Fund Global returned -14.6 percent, equivalent to -1,171 billion kroner. The return on the fund’s equity investments was -21.1 percent, and the return on the fixed…
NORGES BANK: The Government Pension Fund Global: Extended…
Today, Norges Bank Investment Management has published extended information on return and risk in the Government Pension Fund Global. The publication supplements the fund’s annual report with figures and analyses for various investment strategies. "2019…
Norges Bank reduces the policy rate by 0.75…
At an extraordinary meeting on 19 March, Norges Bank’s Monetary Policy and Financial Stability Committee unanimously decided to reduce the policy rate by 0.75 percentage point to 0.25 percent. Since Norges Bank cut the policy…
NORGES BANK : Extraordinary F-loans to banks
Owing to the market situation over the past few days, Norges Bank will offer additional extraordinary NOK F-loans as from 19 March 2020. Norges Bank will offer extraordinary F-loans with a maturity of one week,…
Regional network: Growth has slowed further – Norges…
According to Regional Network contacts, activity growth has continued to decline through winter. Weak demand from export markets, lower residential construction and reduced retail sales had a dampening effect on growth. In addition, the completion…
