The general public’s domestic loan debt in Norway has grown at an annualized rate of 3.8% to NOK 7.44 billion at the end of August, data by Statistics Norway showed.It has been the fastest domestic lo
Norway’s domestic loan debt rises the most since Sep 2023
The general public’s domestic loan debt in Norway has grown at an annualized rate of 3.8% to NOK 7.44 billion at the end of August, data by Statistics Norway showed.
It has been the fastest domestic loan debt growth since September 2023 and followed a 3.7% increase in July.
Loan debt of households rose 3.5% YoY in August, following a 3.4% YoY growth in July.
Also, loan debt of non-financial corporations grew 2.5% YoY in August, after a 2.4% YoY rise in July.
Meanwhile, municipal government loan debt increased 9.3% YoY in August, slowing from 9.9% YoY in July.
The Norwegian Krone was last 0.30% weaker on the day against the Euro, with the EUR/NOK currency pair trading at 11.6583.
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