Previously, Norges Bank advised the Ministry of Finance on the level of the buffer requirement. From September 2021, Norges Bank has the decision-making authority.

19 January 2023

Countercyclical capital buffer unchanged

15 December 2022

Countercyclical capital buffer unchanged

Monetary Policy Report with financial stability assessment 4/22

22 September 2022

Countercyclical capital buffer unchanged

Monetary Policy Report with financial stability assessment 3/22

23 June 2022

Countercyclical capital buffer unchanged

Monetary Policy Report with financial stability assessment 2/22

24 March 2022

The countercyclical capital buffer will be raised to 2.5 percent (Press release)

Monetary Policy Report with financial stability assessment 1/22

16 December 2021

The countercyclical capital buffer will be raised to 2.0 (Press release)

Monetary Policy Report with financial stability assessment 4/21

23 September 2021

Advice on the countercyclical capital buffer 2021 Q3 (Press release)

Monetary Policy Report with financial stability assessment 3/21

17 June 2021

Countercyclical buffer increases (Press release, Ministry of Finance)

Advice on the countercyclical capital buffer 2021 Q2 (Press release, Norges Bank)

Advice on the countercyclical capital buffer 2021 Q2 (Norges Bank's letter)

Monetary Policy Report with financial stability assessment 2/21

18 March 2021

Countercyclical buffer unchanged (Press release, Ministry of Finance)

Advice on the countercyclical capital buffer 2021 Q1 (Press release, Norges Bank)

Advice on the countercyclical capital buffer 2021 Q1 (Norges Bank's letter)

Monetary Policy Report 1/21

17 December 2020

Countercyclical buffer unchanged (Press release, Ministry of Finance)

Advice on the countercyclical capital buffer 2020 Q4 (Press release, Norges Bank)

Advice on the countercyclical capital buffer 2020 Q4 (Norges Bank's letter)

Monetary Policy Report 4/20

24 September 2020

Countercyclical buffer unchanged (Press release, Ministry of Finance)

Advice on the countercyclical capital buffer 2020 Q3 (Press release, Norges Bank)

Advice on the countercyclical capital buffer 2020 Q3 (Norges Bank's letter)

Monetary Policy Report 3/20

18 June 2020

Countercyclical buffer unchanged (Press release, Ministry of Finance)

Advice on the countercyclical capital buffer 2020 Q2 (Press release, Norges Bank)

Advice on the countercyclical capital buffer 2020 Q2 (Norges Bank's letter)

Monetary Policy Report 2/20

13 March 2020

Reduction of the countercyclical buffer (Press release, Ministry of Finance)

Norges Bank reduces the policy rate, provides liquidity and advises the Ministry of Finance to reduce the countercyclical capital buffer (Press release, Norges Bank)

Advice on the countercyclical capital buffer 2020 Q1 (Norges Bank's letter)

Monetary Policy Report 1/20

19 December 2019

Countercyclical buffer unchanged (Press release, Ministry of Finance)

Countercyclical buffer 2019 Q4 (Press release, Norges Bank)

Advice on the countercyclical capital buffer 2019 Q4 (Norges Bank's letter)

Monetary Policy Report 4/19

19 September 2019

Countercyclical buffer unchanged (Press release, Ministry of Finance)

Countercyclical buffer 2019 Q3 (Press release, Norges Bank)

Advice on the countercyclical capital buffer 2019 Q3 (Norges Bank's letter)

Monetary Policy Report 3/19

20 June 2019

Countercyclical buffer unchanged (Press release, Ministry of Finance)

Countercyclical buffer 2019 Q2 (Press release, Norges Bank)

Advice on the countercyclical capital buffer 2019 Q2 (Norges Bank's letter)

Monetary Policy Report 2/19

21 March 2019

Countercyclical buffer unchanged (Press release, Ministry of Finance)

Countercyclical buffer 2019 Q1 (Press release, Norges Bank)

Advice on the countercyclical capital buffer 2019 Q1 (Norges Bank's letter)

Monetary Policy Report 1/19

13 December 2018

Countercyclical buffer increases (Press release, Ministry of Finance)

Countercyclical buffer 2018 Q4 (Press release, Norges Bank)

Advice on the countercyclical capital buffer 2018 Q4 (Norges Bank's letter)

Monetary Policy Report 4/18

20 September 2018

Countercyclical buffer unchanged (Press release, Ministry of Finance)

Countercyclical buffer 2018 Q3 (Press release, Norges Bank)

Advice on the countercyclical capital buffer 2018 Q3 (Norges Bank's letter)

Monetary Policy Report 3/18

21 June 2018

Countercyclical buffer unchanged (Press release, Ministry of Finance)

Countercyclical buffer 2018 Q2 (Press release, Norges Bank)

Advice on the countercyclical capital buffer 2018 Q2 (Norges Bank's letter)

Monetary Policy Report 2/18

15 March 2018

Countercyclical buffer unchanged (Press release, Ministry of Finance)

Countercyclical buffer 2018 Q1 (Press release, Norges Bank)

Advice on the countercyclical capital buffer 2018 Q1 (Norges Bank's letter)

Monetary Policy Report 1/18

14 December 2017

Countercyclical buffer unchanged (Press release, Ministry of Finance)

Countercyclical buffer 2017 Q4 (Press release, Norges Bank)

Advice on the countercyclical capital buffer 2017 Q4 (Norges Bank's letter)

Monetary Policy Report 4/17

21 September 2017

Countercyclical buffer unchanged (Press release, Ministry of Finance)

Countercyclical buffer 2017 Q3 (Press release, Norges Bank)

Advice on the countercyclical capital buffer 2017 Q3 (Norges Bank's letter)

Monetary Policy Report 3/17

22 June 2017

Countercyclical buffer unchanged (Press release, Ministry of Finance)

Countercyclical buffer 2017 Q2 (Press release, Norges Bank)

Advice on the countercyclical capital buffer 2017 Q2 (Norges Bank's letter)

Monetary Policy Report 2/17

16 March 2017

Countercyclical buffer unchanged (Press release, Ministry of Finance)

Countercyclical buffer 2017 Q1 (Press release, Norges Bank)

Advice on the countercyclical capital buffer 2017 Q1 (Norges Bank's letter)

Monetary Policy Report 1/17

15 December 2016

Countercyclical buffer increases (Press release, Ministry of Finance)

Countercyclical buffer 2016 Q4 (Press release, Norges Bank)

Advice on the countercyclical capital buffer 2016 Q4 (Norges Bank's letter)

Monetary Policy Report 4/16

22 September 2016

Countercyclical buffer unchanged (Press release, Ministry of Finance)

Countercyclical buffer 2016 Q3 (Press release, Norges Bank)

Advice on the countercyclical capital buffer 2016 Q3 (Norges Bank's letter)

Monetary Policy Report 3/16

23 June 2016

Countercyclical buffer unchanged (Press release, Ministry of Finance)

Countercyclical buffer 2016 Q2 (Press release, Norges Bank)

Advice on the countercyclical capital buffer 2016 Q2 (Norges Bank's letter)

Monetary Policy Report 2/16

17 March 2016

Countercyclical buffer unchanged (Press release, Ministry of Finance)

Countercyclical buffer 2016 Q1 (Press release, Norges Bank)

Advice on the countercyclical capital buffer 2016 Q1 (Norges Bank's letter)

Monetary Policy Report 1/16

17 December 2015

Countercyclical buffer unchanged (Press release, Ministry of Finance)

Countercyclical buffer 2015 Q4 (Press release, Norges Bank)

Advice on the countercyclical capital buffer 2015 Q4 (Norges Bank's letter)

Monetary Policy Report 4/15

24 September 2015

Countercyclical buffer unchanged (Press release, Ministry of Finance)

Countercyclical buffer 2015 Q3 (Press release, Norges Bank)

Advice on the countercyclical capital buffer 2015 Q3 (Norges Bank's letter)

Monetary Policy Report 3/15

18 June 2015

Countercyclical buffer increases next year (Press release of 18 June from the Ministry of Finance)

Advice on the countercyclical capital buffer, 2015 Q2 (Letter of 17 June 2015 from Norges Bank)

Monetary Policy Report 2/15

27 March 2015

Countercyclical buffer unchanged (Press release of 27 March from the Ministry of Finance)

Advice on the countercyclical capital buffer, 2015 Q1 (Letter of 18 March 2015 from Norges Bank)

19 March 2015

Countercyclical capital buffer (Press release, Norges Bank)

Monetary Policy Report 1/15

19 December 2014

Countercyclical buffer unchanged (Press release of 19 December from the Ministry of Finance)

Advice on the countercyclical capital buffer, 2014 Q4 (Letter of 10 December 2014 from Norges Bank)

11 December 2014

Countercyclical capital buffer (Press release, Norges Bank)

Monetary Policy Report 4/14

26 September 2014

Countercyclical buffer unchanged (Press release of 26 September from the Ministry of Finance)

Advice on the countercyclical capital buffer, 2014 Q3 (Letter of 17 September 2014 from Norges Bank)

18 September 2014

Advice on the countercyclical capital buffer (Press release, Norges Bank)

Monetary Policy Report 3/14

27 June2014

Countercyclical buffer unchanged (Press release 27 June from the Ministry of Finance)

Advice on the countercyclical capital buffer, 2014 Q2 (Letter of 18 June 2014 from Norges Bank)

19 June 2014

Advice on the countercyclical capital buffer (Press release, Norges Bank)

Monetary Policy Report 2/14

4 April 2014

Countercyclical buffer unchanged (Press release 4 April from the Ministry of Finance)

Advice on the countercyclical capital buffer, 2014 Q1 (Letter of 26 March 2014 from Norges Bank)

 27 March 2014

Advice on the countercyclical capital buffer (Press release, Norges Bank)

Monetary Policy Report 1/14

12 December 2013

Countercyclical buffer at 1 pct. (Press release 12 December 2013 from the Ministry of Finance)

Advice on the countercyclical capital buffer (Letter of 4 December from Norges Bank)

5 December 2013:

First advice on the countercyclical capital buffer (Press release, Norges Bank)

Monetary Policy Report 4/13