Tuesday, 30 September 2014

Money Supply Growth for Norway Drops in August

The year on year growth rate in the Norwegian money supply, measured as M2 excluding Money Market Fund Shares (MMF), dropped to 5.8% in August according the data released this morning by Statistics Norway. 

The growth rate was the lowest reported for nine months and was 1.3 percentage point lower than the long term average of 7.1% since 1995.