Countercyclical capital buffer 2015 Q4
Norges Bank has advised the Ministry of Finance to keep the countercyclical capital buffer for banks unchanged. The decision basis for the Bank's advice is presented in the December 2015 Monetary Policy Report (4/15).
"Norges Bank's assessment of financial imbalances is little changed since September," says Governor Øystein Olsen.
The persistent rise in household debt ratios and high house and commercial real estate price inflation in recent years are signs that financial imbalances have built up. Recently, house price inflation and household debt have edged down. Corporate debt growth has been fairly stable and banks have announced that credit standards will be tightened somewhat.
In June 2015, the buffer rate was set at 1.5 percent effective from 30 June 2016.
The Ministry of Finance has decided to keep the buffer requirement unchanged. See the Ministry's press release
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Press conference 17 December 2015 (in Norwegian)