US tech equities, euro, sterling and yen add to Norges Bank losses
Reserves portfolio sees gains on US Treasuries and Chinese government bonds amid modest drop
Norges Bank’s reserves fell by Nkr13.4 billion ($1.4 billion) in the first quarter of 2026.
Norway’s central bank published its results for the first quarter of the year in a in a report today (May 29). The bank’s fixed income portfolio dropped in value from Nkr563.4 billion to Nkr539.3 billion, while its equity portfolio decreased from Nkr164.1 billion to Nkr144.1 billion. In international currency terms, returns were -0.1% on the fixed income portfolio and -3.9% on equities, for a total of -1%
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