Norges Bank


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Norges Bank

The central bank of Norway. It controls issue of the Norwegian krone. It is responsible for controlling inflation and for maintaining financial stability. It also operates Norges Bank Investment Management, which is the Norwegian sovereign wealth fund. It was established in 1816.
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The risk Norges Bank took in this redesign has definitely paid off.
8 September 2014 -- US financial services organisation TIAA-CREF said it has acquired a real estate asset as part of its joint venture with partner Norges Bank Investment Management.
In cooperation with the banks, Norges Bank launched a project to develop a more robust and efficient clearing and settlement system.
Market funding has also become more expensive and less accessible for Norwegian banks, Norges Bank said.
There are prospects of relatively high growth in output and employment in the years ahead,' Norges bank said.
The Norges Bank press release said, "Growth in the economy may be somewhat higher than projected.
Norges Bank responds by lowering the overnight deposit and lending rates by 1 percentage points, to 4 and 6 per cent, respectively.
Norges Bank has signed a statement of commitment to the FX Global Code.
M2 EQUITYBITES-September 8, 2014--TIAA-CREF teams with Norges Bank unit on San Francisco acquisition
Global Banking News-August 22, 2014--JP Morgan replaced by Citi as custodian for Norges Bank Investment Management
20 December 2012 - Norges Bank Investment Management (NBIM) said today it had rejected the buyout bid of US cable TV company Liberty Global Inc (NASDAQ:LBTYA) for Belgian peer Telenet Group Holding NV (EBR:TNET), in which the Norwegian asset manager is a major shareholder.
2) Norges Bank responded by supplying more liquidity to banks than usual.