Norges Bank's liquidity instruments
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With effect from 1 September 1999, Norges Bank introduced a collateral requirement for fixedrate loans. This is in line with Norges Bank’s policy of securing its loans to the banking sector. This article starts with an introduction presenting the background for the collateral requirement. The central bank repo facility was designed to provide such security, but the mixed experience with this arrangement prompted a change in the lending regulation and the collateral requirement applying to fixed-rate loans.