High debt threatens financial stability in Norway, central bank says
Household debt ratios and rising property prices are the two main vulnerabilities for the system
Norges Bank warns the combination of higher levels of private debt and rising property prices may imperil Norway’s financial stability.
The central bank says house prices remain at a high level following years of sustained increases, but they may experience a correction. Since 2015, construction has been high while Norway has recorded “a notable decline in population growth,” the financial stability report released on November 2 says. “This has led to uncertainty about further house price
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