Norwegian Bank is the central bank of Norway, also known as the Norwegian Central Bank.The Norwegian Petroleum Fund, the stabilization fund under its management, is one of the largest investment portfolios in the world.
On May 13, 2020, DNB ranked 333 on the 2020 Forbes Global 2000 list.[1-2]
According to the statistics on December 31, 2006, the Bank of Norway has 542 employees, and since 1991, all executive members have been appointed by the King of NorwayHarald V (Harold V).
Norwegian Bank
Chairman of the Executive Committee in charge of the BankSvein Gjedrem (Svein Gjedrem) is also a temporary central bank president.[2]
Interest rate adjustment
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On June 22, 2023, the Norwegian Central Bank announced that it would raise the benchmark interest rate by 0.5 percentage point to 3.75% to curb inflation.[3]
On September 21, 2023, the Norwegian Central Bank announced that it would raise the benchmark interest rate by 0.25 percentage points to 4.25% to reduce the impact of inflation on the economy.This is the fifth interest rate increase by the Norwegian Central Bank this year.[4]
