Nowa - Norwegian Overnight Weighted Average
Nowa is the interest rate on unsecured overnight interbank loans in NOK. Norges Bank will take over as administrator of Nowa from 1 January 2020.
Consultation: Principles for calculating and publishing Nowa
Norges Bank has drafted new principles for calculating and publishing Nowa to apply from 1 January 2020. The proposal specifies the base data, definition, calculation method and routines for publishing Nowa. This is discussed in detail in the consultation letter and in the Q&A.
- Consultation letter
- Principles for calculating and publishing Nowa (pdf)
- Questions and answers about the principles (pdf)