Norges Bank

Annual Report 2023


Equipped for an uncertain future

Foreword by the Governor

Uncertainty and an ever-changing economic landscape require high standards for how we, as an organisation, perform our social mission. 

Read the foreword

Key figures

  • The policy rate was raised to

    4.5 %
    in 2023

  • The countercyclical capital buffer rate was

    2.5 %
    at year-end 2023

  • The return on the Government Pension Fund Global was

    16.1 %
    in 2023 measured in the GPFG’s currency basket

Annual Report of the Executive Board for 2023

Annual reports

The Executive Board shall ensure sound, effective and 
efficient organisation of the Bank. 

About the Executive Board

Read the Annual Report of the Executive Board

Norges Bank’s Monetary Policy and Financial Stability Committee

Annual reports

The Monetary Policy and Financial Stability Committee is responsible for Norges Bank’s role as the executive and advisory monetary policy authority and is also tasked with promoting financial stability.

Read the Committee's Annual Report

Corporate social responsibility and sustainability

Social responsibility

This section provides an overview of Norges Bank’s work on key sustainability topics. Among other things, it discusses what the Bank does to ensure a sound working environment and promote diversity and gender equality and describes the Bank’s work on climate risk and climate impact.

Read the chapter

Financial statements

Financial statements

Norges Bank's balance sheet total at year-end 2023 was NOK 16 629bn. The Bank's total comprehensive income for 2023 showed a gain of NOK 70.0bn.

See financial statements
Annual Report
27 February 2024 10:00