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Norway's central bank says liquidity auction disrupted on Friday, now up again
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Norway's central bank says liquidity auction disrupted on Friday, now up again
Jul 19, 2024 4:21 AM

OSLO, July 19 (Reuters) - The Norwegian central bank

experienced disruptions when conducting an F-deposit auction

earlier on Friday, with bids having to be submitted by email and

phone, but the auction system is up again, it said on Friday.

The central bank regularly offers short-term fixed-rate

lending and deposit facilities known as F-loans and F-deposits,

to manage liquidity and provide a predictable environment for

the banking sector.

"The F auction system is now up, and bids can be placed in

the usual manner," Norges Bank said in a statement, adding that

anyone still having issues could email, or call in, bids.

A spokesperson said some "non-critical functions" had been

disrupted, without detailing which.

"Our operations will continue as normal. Norges Bank's

settlement system is not affected by this incident," he said.

The sovereign wealth fund, a unit of the central bank,

said operations were going as normal.

"So far none of our critical functions are affected by

this," a fund spokesman said, without specifying which

non-critical functions were affected.

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