FX.co ★ Norway’s M3 Money Supply Rises to NOK 3,611.7B in May 2026

Norway’s broad money supply (M3) expanded in May 2026, signaling continued liquidity growth in the financial system. According to the latest data, updated on 22 June 2026, M3 rose to NOK 3,611.7 billion, up from NOK 3,575.9 billion in April 2026.

The increase in M3 suggests that the stock of money circulating in the Norwegian economy – including cash, deposits and other liquid assets – continued to grow over the period. Analysts and market participants will be watching upcoming data closely to assess whether this upward trend in money supply persists and how it might interact with inflation dynamics, interest-rate expectations and overall financial conditions in Norway.