Norges Bank Circular 3/2026: New Reserve Quotas From 1 October
On 1 September 2026 Norges Bank published Circular 3/2026, and from 1 October 2026 it sets the reserve quotas that decide how much of each counterparty bank’s overnight deposit at the central bank earns the key policy rate. Deposits up to a bank’s quota are remunerated at the policy rate. Anything above the quota earns…
