FX.co ★ Norway Loan Debt Growth Slows

Norway’s domestic loan debt held by the general public rose 4.4% year-on-year to NOK 7.84 billion at the end of January 2026. This followed an upwardly revised 4.5% increase in December, which had been the fastest pace of growth since May 2023. Loan growth moderated in both the household sector (4.7% vs. 4.8% in December) and municipal government (6.5% vs. 6.7%), while lending to non-financial corporations was unchanged at 3.1%.