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Economic Calendar Terms

Cenbank Rate Decision

Norges Bank
Bankplassen 2
P.O. Box 1179 Sentrum
N-0107 Oslo, Norway

Norges Banks key rate is the sight deposit rate, which is the interest rate on banks deposits in Norges Bank. Through its liquidity policy, Norges Bank ensures that the banking system has surplus liquidity every day that the banks deposit as sight deposits with Norges Bank. The sight deposit rate thereby forms a floor for short-term money market rates. Short-term money market rates are normally somewhat higher than the sight deposit rate.