FX.co ★ Norway’s Central Bank Doubles Net Currency Purchases, Deepening NOK Support

Norway’s central bank sharply increased its net currency purchases in May 2025, with the indicator reaching -100.0 million, compared with -50.0 million recorded in April 2026. The negative values indicate a larger net purchase of foreign currency, signaling a more forceful intervention stance in the FX market.

The shift from -50.0M to -100.0M suggests that the central bank has moved to double its net buying of currency over the period in question, a development closely watched by investors monitoring the Norwegian krone and broader financial conditions. While the May 2025 figure precedes the April 2026 reading, the latest data update on 30 April 2026 confirms this comparative trajectory in the bank’s intervention profile.

Market participants may interpret the stronger pace of net purchases as a sign of the authorities’ willingness to influence exchange rate dynamics or liquidity conditions, though the central bank has not provided additional context in the data itself. The updated figures will likely factor into assessments of Norway’s monetary and currency policy path going forward.