Norges Bank reserves swell, thanks to equity returns
Fixed-income portfolio returns essentially zero in Q1, but equity returns are higher
Norges Bank’s international reserves swelled in the first quarter of 2017, thanks to its allocation to equities, while fixed-income returns remained stuck around zero.
The Norwegian central bank’s Q1 reserves report says reserves hit Nkr495.1 billion ($58.9 billion) at the end of the quarter, an increase of 2.9%. Liquid investments amounted to SDR 26.3 billion ($36.2 billion), meeting a goal of having SDR 10 billion available for use in any given trading day without having to realise any
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