Norges Bank

(redirected from Norwegian Central Bank)

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.
Mentioned in ?
References in periodicals archive ?
Mid-November, the Norwegian central bank, which runs the country's sovereign wealth fund - the world's biggest - suggested the government it should dump its shares in oil and gas companies, as it no more advisable.
The Norwegian central bank, which runs the country's sovereign wealth fund has recommended that the fund should dump its shares in oil and gas companies to prevent a reduction of the fund's value.
Riyadh, Safar 11, 1439, October 31, 2017, SPA -- The Minister of Finance Mohammed bin Abdullah Al-Jadaan met here yesterday with the Governor of Norwegian Central Bank Professor Oystein Olsen in the presence of the Chairman of Board of Directors of the Bank for Investment Management Yngve Slyngstad.
On appointment by the Norwegian Ministry of Finance, the fund is managed by the Norwegian Central Bank through the Norges Bank Investment Management (NBIM).
The negative return on equity investments was driven by the slowdown in the global economy and the decline in global equity markets, especially the Chinese market," said Yngve Slyngstad, chief executive officer of Norges Bank Investment Management, which is the part of the Norwegian central bank that is responsible for managing the fund.
A report by the Norwegian central bank last month said the total cost of each cash transaction — including handling notes and coins in banks — was estimated at 7.
Both the Norwegian Central Bank (Norges Bank) and Russian Central Bank (RCB) acted yesterday, albeit in different fashions.
Norges Bank Investment Management is the asset management division of Norges Bank, the Norwegian central bank.
Norwegian central bank, Norges bank has acquired a three per cent stake in BHP Billiton Limited.
Norway and Singapore have also invested in Taiwan's FHCs, with the Norwegian central bank now the seventh largest shareholder of Taiwan's Jih Sun Financial Holding Co.
On November 2, the Norwegian central bank (Norges bank) raised its policy interest rate in November from 2.
This fund, which is destined for future generations, is run by the Ministry of Finance which transfers the country's vast oil revenue, whilst the day-to-day management is in the hands of the Norwegian Central Bank.

Full browser ?