money market rates

Money market rates have fallen swiftly after Norway’s central bank offered short-term liquidity to banks. Rates remain above those of last week, when they rose following slower-than-normal flows between banks. Tax payments are apparently to blame, reports Reuters:

Norges Bank promised two liquidity loans, called F-loans, in a move designed to reassure markets and which quickly brought down money market rates. The central bank also held out prospects for further loans…