Norges Bank
Bank lending falls in Norway
Household credit demand in Norway declined in the first quarter of 2008, reports a recent survey of bank lending by the Bank of Norway.
Turmoil hampering SWF: Norway's Gjedrem
Heightened uncertainty concerning the financial system and global growth prospects are impacting the Government Pension Fund, Norway's sovereign wealth fund, Svein Gjedrem, the governor of the country's central bank, acknowledged.
Norges's Gjedrem praises SWFs
Debate on sovereign wealth funds (SWFs) should reflect their potential to benefit international financial markets, said Svein Gjedrem, the governor of the Norges Bank.
Norway leaves rates unchanged
The Bank of Norway's Executive Board opted on Thursday 13 March to keep rates at 5.25% for the second consecutive vote.
Qvigstad appointed deputy at Norway central bank
Jan Qvigstad, the head of monetary policy at the Bank of Norway, will succeed Jarle Bergo as deputy governor.
New SWF event to be held in London
Whether being portrayed as villains for their opacity and secrecy, or as saviours for shoring up the capital bases of some of the biggest investment banks, sovereign wealth funds have seldom been off the front page of late.
Yngve Slyngstad new head of Norway's SWF
Yngve Slyngstad will take over from Knut Kjr as head of Norges Bank Investment Management, which looks after the Global Pension Fund, Norway's sovereign wealth fund.
Norway raises rates by 25 basis points
The Central Bank of Norway's rate-setting executive board voted on Wednesday to increase its benchmark sight deposit rate by a quarter of a percentage point to 5.25%.
Norges Bank - Financial Stability Report 2/2007
The Norwegian economy is expected to remain stable even though the turmoil in the money and credit markets will continue to hamper banks, the Bank of Norway's latest financial stability report says.
Norway's oil fund avoids FX after recent losses
The Bank of Norway said it would not buy foreign exchange for its sovereign wealth fund, the Government Pension Fund, in December. The announcement follows news that Nkr104.4 billion ($18.9 billion) was knocked off the value of the fund, a store of the…
Uncertainty clouds outlook for rates in Norway
Svein Gjedrem, the governor of the Bank of Norway, said on Wednesday that the central bank's interest rate decisions may diverge from the forecasted rate path because of the heightened uncertainty caused by the global financial turmoil.
Norway's oil fund makes a loss in third quarter
The market value of Norway's sovereign wealth fund fell in the third quarter, hit by the global financial turmoil and appreciation of the krone. However, the value of the fund passed Nkr2 trillion ($369 billion) for the first time in October.
New governance head at Norwegian oil fund
Anne Kvam, a legal director at paper producer Norske Skog, will replace Henrik Syse, as head of corporate governance at Norges Bank Investment Management, the Central Bank of Norway's sovereign wealth fund.
Norges Bank raises benchmark rate
In a widely predicted move, Norway's central bank raised its benchmark interest rate for the eleventh time in two years, moving the deposit rate up by a quarter point to 4.5%.
Sweden's Rosenberg on interest rates
External price pressure and expectations of improvements in productivity were the reasons why Irma Rosenberg, a first deputy governor at Sweden's Riksbank, voted for rates to stay on hold at the monetary policy meeting at the start of the month, she said…
Norwegian oil fund up 1.5%
Norway's Government Pension Fund - Global produced a total return on investment of 1.5% during the first quarter of 2007, which the Bank of Norway said was 0.09 percentage points above the benchmark set by the government.
Norway's Gjedrem on the conduct of monetary policy
In the speech 'The conduct of monetary policy' given on 10 May Svein Gjedrem of Norges Bank said the fall in prices for imported goods and services and the increase in export prices have provided the Norwegian economy with an appreciable income boost.
Norges Bank Economic Bulletin, April 2007
The latest edition of Norges Bank's Economic Bulletin for April 2007 includes the article 'Interest rate projections in theory and practice'.
Bergo on stabilization & commodity wealth funds
In the speech 'Best practice in structuring stabilization and commodity wealth funds' given on 8 May Jarle Bergo of Norges Bank said the Government Pension Fund and our fiscal guideline have helped us to avoid the common pitfalls in resource rich…
Norges Bank - Annual Report 2006
According to the Norges Bank's Annual Report 2006, inflation has been low and stable and remained fairly close to, but somewhat below 2.5%.
Norway's Gjedrem on the economic outlook
In the speech 'The economic outlook - address to diplomats' given on 22 March Svein Gjedrem of Norges Bank said the bank would continue to tighten monetary policy and that interest rates would rise in the short term.
Norges Bank Monetary Policy Report, March 2007
Norges Bank published its First Monetary Policy Report (previously called the Inflation Report) for March 2007 on Thursday 15 March. In spite of strong growth in output and employment, inflation has not picked up so far.
Norges Bank Economic Bulletin, December 2006
The latest edition of Norges Bank's Economic Bulletin for December 2006 includes the article 'A retrospective on the introduction of prices in the Norwegian payment system'. The article provides an account of the transition from free services to direct…
Norway's Gjedrem on economic perspectives
In the speech 'Economic perspectives' given on 15 February Svein Gjedrem of Norges Bank said that the bank's key interest rate will be gradually increased to 5 per cent.