Debt growth in the twelve months to May was 4.9 percent, 0.1 percentage points more than in the twelve month before, according to K2 figures from Statistics Norway (SSB).
The household debt amounts to 2.974 billion. Twelve-month growth was 5.9 percent, up 0.1 percentage points from the previous month. Also debt growth for non-financial increases, while growth is lower for municipalities.
The credit indicator C2 include an important tool for Norges Bank base rate to be.
For E24 says Chief Economist January Ludvig Andreassen Eika Gruppen he does not believe the rate increase.
– If Norges Bank raised interest rates, we would certainly have been quieted debt growth, but the bad news would be that we were in recession with an increase in bankruptcies and unemployment, he said. (© NTB)
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