Norges Bank
Norges Bank is Norway's central bank. It sets monetary policy, issues the Norwegian krone, and manages Norway's foreign exchange reserves.
It promotes financial stability and sets the policy interest rate. Official site: Norges Bank.
Related Terms
Central Bank
A central bank is a country's monetary authority responsible for issuing currency, setting monetary ...
NOK
Norwegian Krone
NOK is the official currency of Norway. Its value is significantly influenced by oil prices, as Norw...
Interest
Interest is the cost of borrowing money or the return earned on deposited funds, typically expressed...
RTGS
Real-Time Gross Settlement
RTGS is a funds transfer system where money moves from one bank to another on a real-time and gross ...
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