ForeXistenZ › Central banks › NORGES
Norges Bank (NORGES)
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Runs the krone — and manages Norway’s oil fund, the largest sovereign wealth fund on Earth.
How the NORGES moves the NOK
A central bank sets the interest rate on its currency. Traders compare that rate with the rates of other central banks; the wider the gap, the stronger the pull of money towards the higher-yielding currency. That is why the minutes before a NORGES decision are among the most volatile of the month for the NOK. Book I and Book II of the ForeXistenZ trilogy show how to prepare for these days — and when to stay out.
Frequently asked
What does the Norges Bank do?
Runs the krone — and manages Norway’s oil fund, the largest sovereign wealth fund on Earth.
Where is the Norges Bank?
The Norges Bank (NORGES) is in Oslo, Norway.
Why do forex traders watch the NORGES?
Interest rates are the price of a currency. When the NORGES raises or cuts rates — or only hints at it — money moves into or out of the NOK, and NOK reacts within seconds.
Where are the NORGES’s decisions published?
Official decisions, statements and the meeting calendar are published on https://www.norges-bank.no/en.
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Other central banks
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Ankara, Türkiye — Fights for the lira — a lesson in what inflation does to a currency.