Norges Bank

Press release

Monetary and credit statistics

Norges Bank's indicator of credit from domestic sources (C2) rose by 15.0 per cent in the twelve months to end-September, up from 14.7 per cent to end-August. The money supply (M2) grew by 11.4 per cent in the twelve months to end-September, down from 11.9 per cent to end-August.

Norges Bank's credit indicator (C2) rose by 15.0 per cent in the twelve months to end-September, up from 14.7 per cent to end-August. Growth in the three-month moving average for C2 was 15.9 per cent at end-August, up from 15.4 per cent at end-July. C2 is an approximate measure of the size of the gross domestic debt of the public (households, non-financial enterprises and municipalities) in NOK and foreign exchange. Twelve-month growth in credit to households was 12.9 per cent to end-September, unchanged from end-August. Credit to non-financial enterprises increased by 21.7 per cent in the twelve months to end-September, up from 20.6 per cent in the twelve months to the end of the previous month.

The money supply grew by 11.4 per cent in the twelve months to end-September, a decline from 11.9 per cent at the end of August. The money supply consists of notes and coins, unrestricted bank deposits, certificates of deposit and units in money market funds owned by households, non-financial enterprises, municipalities and financial enterprises other than state lending institutions, banks and money market funds. Twelve-month growth in the household money supply was 6.6 per cent to end-September, up from 5.7 per cent to end-August. The money supply of non-financial enterprises rose by 29.9 per cent to end-September, down from 33.4 per cent to the end of the previous month.

As from 1 January 2007 this statistics is published on www.ssb.no

Contact:

Press telephone: +47 21 49 09 30
Email: presse@norges-bank.no

Published 31 October 2006 10:00
Published 31 October 2006 10:00