At that time, it predicted that its sight deposit
rate would reach 5.
The rate of interest on F-loans is fixed for the life of the loans, and the loans allotted are credited to the relevant banks' sight deposit
accounts with Norges Bank.
In periods of excessive activity in the economy, or expectations of excessive activity, the exchange rate may appreciate, even if the sight deposit
rate does not change.
The liquidity of the banking system is banks' aggregate sight deposits
in accounts in Norges Bank from one business day to the next.
3 billion euros in banks as time and sight deposits
The rate on so-called sight deposits
, funds which can be accessed immediately, will come into force on January 22 and only apply to balances above a certain threshold.
KD time deposits (+KD171 million) and foreign deposits (+KD 209 million) drove the increase, while dinar sight deposits
and savings deposits experienced modest growth.
Mainly sight deposits
(including currency), which grew by just under EUR13 billion net, were seen as relatively attractive - as in the preceding quarter.
The highest growth in private sector funding was in sight deposits
(current accounts, 10%, and saving accounts, 7%).
The declines were in dinar sight deposits
(-KD 397 million) and foreign currency deposits (-KD 140 million).
Time deposits continued to decline for a second consecutive month while sight deposits
recovered by a healthy KWD 80 million from a modest drop last month.
The largest contributions came from foreign currency and sight deposits
, which grew by 49% and 19% from a year ago.
3% Banker's drafts and other sight deposits
99,474 167,222 67,748 68.
Overnight loans 44 -110 Fixed-rate loans 4 652 13 499 Other central bank financing 8 497 648 Total reserves -4 965 25 638 Of which: Sight deposits
with Norges Bank -4 965 25 638 Short-term Treasury notes 0 0 Other reserves (estimate) 0 0 // 1/1-29/2 Supply+/withdrawal- 1999 2000 Central govt.
Money supply continued to see a seasonal contraction on large withdrawals in mostly sight deposits