A decomposition of NIBOR
- Kristian Tafjord
- Economic Commentaries
This commentary discusses the elements that comprise the Norwegian money market rate, NIBOR, given today's foreign exchange swap construction. Furthermore it explains how international conditions can affect Norwegian money market rates through this construction. This is particularly relevant following the announcement on 22 January 2015 of the European Central Bank's programme to purchase securities in the secondary market.
This series consists of short, signed articles on current economic issues and are only published on Norges Bank’s website.