Key indicators

Countercyclical capital buffer

Norges Bank has taken note of four indicators for the build-up of financial imbalances: i) the ratio of total credit (C2 households and C3 enterprises mainland Norway) to mainland GDP, ii) the ratio of house prices to household disposable income, iii) commercial property prices, and iv) the wholesale funding ratio of Norwegian credit institutions. In combination, the four indicators provide signals of vulnerabilities. Historically, they have risen ahead of periods of financial instability.

 

Chart 1

 

Chart 2

 

Chart 3

 

Chart 4

 

Data series

Edited 17 December 2015 10:02