Norges Bank has reduced the scale of its net currency sales, with the central bank’s foreign exchange indicator easing to -350.0 million in August 2025, compared to -400.0 million in July 2026. The fresh reading, updated as of 31 July 2026, points to a modest slowdown in the pace at which the central bank is offloading currency.
While the indicator remains in negative territory—signalling continued net currency sales rather than purchases—the smaller deficit suggests a slight shift in intensity. The move may reflect evolving domestic liquidity needs or adjustments in the central bank’s operational stance in Norway’s foreign exchange market over the observed period.
Market participants monitoring Norwegian monetary and FX conditions are likely to view the softened figure as a nuanced change rather than a wholesale reversal, with attention now turning to upcoming data releases for clues on whether this moderation in currency sales will persist.
