Norges Bank reserves swell, thanks to equity returns

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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 “appre