FX.co ★ Norway’s M3 Money Supply Edges Higher in June, Reaches NOK 3,657 Billion

Norway’s broad money supply (M3) continued to expand in early summer, with the aggregate rising to NOK 3,657.0 billion in June 2026, up from NOK 3,611.7 billion in May 2026. The latest figures, updated on 31 July 2026, indicate a steady month-on-month increase in liquidity within the Norwegian financial system.

The modest rise in M3 suggests continued growth in the stock of money circulating through the economy, including cash, deposits, and other liquid instruments. While no further breakdown was provided, the uptick from May to June underscores a sustained upward trend in Norway’s monetary aggregates during the second quarter of 2026. Investors and policymakers will be watching subsequent releases closely to assess whether this increase signals a broader shift in funding conditions and domestic demand.