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Statistics Norway’s monetary aggregates release dated 24 September showed broad money M3 was 5.4% higher in August 2026 than a year earlier. The measure covers money held by sectors including households, non-financial corporations and municipalities.

Household money holdings rose 5.9% year on year, non-financial corporations’ holdings increased 1.8%, and municipalities’ holdings rose 22.8%. These are changes in money stocks, not spending, credit growth or inflation rates.