Norges Bank
Basel II procyclical: Norges Bank
Basel II introduces an additional source of procyclicality into the banking sector, a new paper from Norges Bank finds.
Norway SWF's share strategy prompts record loss
Norway's Government Pension Fund - Global booked its steepest yearly loss in its ten-year history on Wednesday after its strategy to invest a higher proportion of its wealth in equities backfired
Gjedrem calls for higher capital requirements
New and higher capital requirements must be imposed on banks, said Svein Gjedrem, the governor of Norges Bank.
Take fast and broad actions - Norges's Gjedrem
Prompt and extensive write-downs of bad assets and recapitalisation of banks limited the downturn in Nordic economies in mid-1990s, said Svein Gjedrem, the governor of the Norges Bank.
Wage cuts less likely in less flexible markets
Research from Norges Bank finds that it is more difficult to cut wages in economies where labour markets are less flexible.
Gaza conflict demands SWF review: Oslo
Kristin Halvorsen, Norway's finance minister, has called for a review of the country's sovereign wealth fund investments as a result of the conflict in Gaza.
Norway slashes rates on "major shocks"
Norges Bank has followed the Riksbank's lead in chopping 175 basis points off its key rate. Exposure to "new major shocks" sparked the move, which leaves the central bank's key rate at 3%. Elsewhere, three other central banks cut their key rate by 50…
Norwegian SWF looks to block Buffett takeover
Norway's sovereign wealth fund has filed a lawsuit to block a proposed takeover of a company it part-owns by Berkshire Hathaway, the holding company headed by Warren Buffett, an investor.
Incentives needed for e-payment transition
Consumers and merchants need incentives to move from paper-based to electronic payment instruments, said Jan Qvigstad, the deputy governor of Norges Bank.
Oslo's lesson in restoring confidence
The lessons from Norway's response to the crisis in its banking system in the early 1990s have been under underappreciated.
Norway's Qvigstad on the benefits of transparency
Central bank transparency improves the quality of both communication and the decision-making process, said Jan Qvigstad, the deputy governor of the Norges Bank.
Norges's Qvigstad - central banks are changing
Liquidity policy is now at the forefront of the monetary policy scene, said Jan Qvigstad, the deputy governor of the Norges Bank.
Denmark bucks trend with rate hike
The National Bank of Denmark unexpectedly raised rates by half a point to 5.5% on Friday to support the krone.
Monetary policy and exchange-rate interaction
Research from Norges Bank shows a high degree of interaction between monetary policy and exchange rates.
Norges Bank cuts on signs of swift slowdown
Norges Bank on Wednesday lopped half a point off its key rate on signs real economic activity would slow at a faster rate and to a greater degree than predicted.
Iceland suspends bank shares, offers guarantee
Iceland has halted trading on stocks in its beleaguered banks and guaranteed all customer deposits in a bid to stop a raft of selling on signs the country's banking system is near to collapse.
Norway's Gjedrem: price stability tempers cycle
Monetary policy that is oriented towards stabilising inflation and price expectations will moderate the impact of bubbles and financial crises, said Svein Gjedrem, the governor of the Bank of Norway.
Nordic banks and RBA join Fed swap club
The Federal Reserve on Wednesday stepped up efforts to counter money market tensions, establishing additional swap lines with the Reserve Bank of Australia and three Scandinavian central banks to meet demand for dollar loans.
US rates and dollar influence commodity prices
Shocks to US real interest rates and the dollar exchange rate lead to fluctuations in commodity prices, new research from Norges Bank indicates.
Norwegian rates rise to five-year high
Norges Bank has increased its benchmark rate by a quarter point to 5.75%, its highest level since January 2003.
Norges Bank - Payments Systems Annual Report 2007
Svein Gjedrem, the governor of Norges Bank, urged banks to charge for their payment services in order to cover the costs associated with payment systems.
Krona's rise eats into Norges Bank's balance sheet
Norges Bank made a loss of NOK 17.6billion ($3.5 billion) in 2007 compared with a profit of NOK 5.5billion ($1.1 billion) in the previous year, the central bank's annual report reveals.
Norway holds rates as inflation creeps up
Norway's central bank kept its policy rate at 5.5% in the face of above-target inflation, concerns over continued market turbulence and signs of slowing growth.
Iceland sets up swaps with Nordic CBs
In a move that is expected to do much to support the weak krona, the Central Bank of Iceland on Friday said that it had come to an agreement with Sweden, Norway and Denmark to swap its currency for euros.