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NOK179.35 -0.2  -0.1%

Last Trade - 12/05/21

Sector
Financials
Size
Large Cap
Market Cap £23.98bn
Enterprise Value £55.88bn
Revenue £5.01bn
Position in Universe 31st / 1832

UPDATE 1-Norway central bank says "considerable uncertainty" about NOK supply

Fri 25th September, 2020 12:20pm
(Adds detail)
    OSLO, Sept 25 (Reuters) - The Norwegian central bank said on
Friday that considerable uncertainty has arisen about the supply
of the crown currency  as liquidity had been unevenly
distributed between banks in recent weeks.
    As a result, the central bank would consider "measures to
strengthen distribution incentives between banks" starting with
offering so-called F-loan liquidity auctions to participants in
the Norwegian money market.
    They would be fully allotted, at fixed rates and with
one-day maturities.
    A few minutes after the announcement, the bank issued the
first of these F-loans. Minimum bid volume for the loan was for
10 million crowns ($1.04 million).
    "Norges Bank will offer these loans as long as the situation
in the interbank market suggests that it is appropriate," it
said in a statement. 
    "Any surplus liquidity resulting from these F-loans will not
be withdrawn from the banking system."  
($1 = 9.6044 Norwegian crowns)

 (Reporting by Gwladys Fouche, editing by Nora Buli and Terje
Solsvik)
 ((gwladys.fouche@tr.com; +47 21 04 05 53; Reuters Messaging:
Twitter handle: @gfouche))
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