Norges Bank deputy warns of vulnerabilities in financial system

“Sharp rise” in property prices and high household indebtedness a cause for concern

Jon Nicolaisen: "Some aspects of the Norwegian economy make the financial system vulnerable." Photo: Norges Bank

Increasing property prices and high household indebtedness are a cause for concern, Norges Bank's latest financial stability report reveals.

The document, published on November 2, notes household debt burdens are high, with high house-price inflation likely to add to the problem. Younger households, in particular, are more vulnerable as they face high debt levels, heavy interest burdens and have limited assets other than housing.

"Some aspects of the Norwegian economy make the financial system

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