Norway Hikes Interest Rate to 3 percent, Highest Level Since February 2009 

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  • #54885
    TradersCom
    Keymaster

    Norway’s Sovereign Wealth Fund lost in US Bank Crash

    Norges Bank Investment Management reportedly held 1.7 billion Norwegian krone in SVB shares and 1.1 billion Norwegian krone in bonds, along with 400,000 Norwegian krone in shares in Signature Bank

    Media reports said the fund hoped to get some of its money back, but a spokesman said it was “premature to say how much”, given this was “the biggest US bank collapse since the financial crisis” in 2008.

    #51731
    Helmholtz Watson
    Participant

    Norway’s central bank, the Norges Bank’s Monetary Policy and Financial Stability Committee unanimously raised the policy benchmark interest rate by 25
    [See the full post at: Norway Hikes Interest Rate to 3 percent, Highest Level Since February 2009 ]

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