Policy rate raised to 4.25 percent
Norges Bank's Monetary Policy and Financial Stability Committee has decided to raise the policy rate from 4.0 to 4.25 percent.
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Monetary policy
Monetary policy shall maintain monetary stability by keeping inflation low and stable
Why do we want low and stable inflation?
Both rapidly rising and falling prices can pose challenges to the economy. The best course of action is therefore to aim for something in between.
How does the policy rate influence you?
The level of the policy rate influences, directly and indirectly, many of the everyday economic decisions you make.
Notes and coins
Problems with exchanging Norwegian krone (NOK) banknotes abroad
Recently people have experienced problems with exchanging NOK banknotes.
Exchanging withdrawn banknotes and coins
Withdrawn notes and coins can be exchanged at one of our offices or sent in via post.
Exchange rates
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Financial stability
Norges Bank shall contribute to a robust and efficient financial system
Financial stability - a primary objective
The role of issuer of means of payment and ultimate settlement bank for interbank payments in Norway gives Norges Bank a particular responsibility for fostering efficient and secure payment systems.
How are payments made?
There are primarily two types of money in the payment system, notes and coins issued by Norges Bank (cash) and deposits in banks (deposit money).
Reports on financial stability
Norges Bank publishes three reports that provide an overview of the financial system, development trends, vulnerabilities and oversight activities.
Investment management
Norges Bank manages the portfolios of the Government Pension Fund Global and the Bank’s own foreign exchange reserves
Oil fund
Norges Bank Investment Management (NBIM) manages the Norwegian Government Pension Fund Global, also known as the Oil Fund.
Foreign exchange reserves
The foreign exchange reserves are the Bank's contingency funds in international currencies and are to be available for use in foreign exchange market transactions as part of the conduct of monetary policy or with a view to promoting financial stability and to meet Norges Bank's international commitments.
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