Norway M2 Money Supply Growth Slows In June

Friday, a report by Statistics Norway said the M2 money supply grew 3.5% year-on-year in June, slower than a 4% rise in the previous month.

The money supply amounted to NOK 1.53 billion at the end of June, up from NOK 1.5 billion at the end of May.

However, the M1 money supply dropped 1.9% year-on-year in June, faster than a 1.3% fall in the preceding month.