Tagged: Norges Bank

A history of money

Celebrating the bicentennial of Norges Bank M. Michael Brady Asker, Norway On Friday, June 14, 1816, two years and four weeks after the Norwegian Constitution was signed on the 17th of May, Norges Bank...

“Most beautiful banknotes” debut

Norway’s central bank unveiled the nation’s gorgeous new banknotes The Local Norway’s central bank unveiled the nation’s new banknotes on November 22, and it doesn’t take a super keen observer to see what is...

Coal divestments should increase

NGOs seek further action from the Norwegian Central Bank-managed Government Pension Fund Global regarding the environment Sarah Bostock & Michael Sandelson The Foreigner “The good news is that Norges Bank divested 54 coal corporations...

Withdrawn currency deadline extended

M. Michael Brady Asker, Norway Norges Bank is Norway’s central bank, similar to the Federal Reserve System in the U.S. It determines and advises on monetary, credit, and foreign exchange policy, and it issues...

Interest rate hold stupefying

Several financial analysts criticize Norges Bank’s decision not to lower rates Michael Sandelson The Foreigner The unchanged 1.25 percent base rate has held off what would have been the Scandinavian country’s lowest-ever, of 1...

Øystein Olsen new central bank Governor

Øystein Olsen (58) was today appointed new Governor of the central bank of Norway (Norges Bank). Olsen is appointed for a 6 year period, and will take office on 1 January 2011. Øystein Olsen...

Key rate unchanged at 2 per cent

Norges Bank’s Executive Board decided today to keep the key policy rate unchanged at 2 per cent. “In Norway, inflation is low and somewhat below the central bank’s target of 2.5 per cent. Activity...