Norges Bank

Press release, ccb

Advice on the countercyclical capital buffer 2018 Q3

Norges Bank has advised the Ministry of Finance to keep the countercyclical capital buffer unchanged at 2 percent.

Household debt continues to rise faster than income, but debt growth has slowed somewhat over the past year. House price inflation has been low in recent months, following a recovery from the fall in prices in 2017. Looking ahead, gradually rising interest rates, housing completions and low population growth are expected to restrain house price inflation. The pronounced rise in commercial real estate prices in recent years has increased the risk of a marked decline in prices further out.

"Our overall assessment of financial imbalances is little changed since the second quarter", says Governor Øystein Olsen.

In line with Norges Bank's advice, the Ministry of Finance decided today to keep the buffer rate unchanged at 2 percent.


Press telephone: +47 21 49 09 30

Published 20 September 2018 10:00


Press conference 20 September 2018

Published 20 September 2018 10:00