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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
NorwayNorway Money Supply climbed to 3,474.8B in January 2026
FMPMonthlyReleased February 2026
Norway Money Supply climbed to 3,474.8B in January 2026, released February 2026, up 52.7B from December's 3,422.1B reading.
Latest Release
3474.800000
Actual
—
Consensus
3422.100000
Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| USD/NOK | ▼ Inverse | −0.50 | FOREX | Bullish NOK | → View |
| EUR/NOK | ▼ Inverse | −0.45 | FOREX | Bullish NOK | → View |
| WTI Crude | ▲ Direct | +0.40 | COMMODITIES | Watch | → View |
| EUR/USD | ▲ Direct | +0.30 | FOREX | Watch | → View |
| XAU/USD | ▲ Direct | +0.30 | COMMODITIES | Watch | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Money Supply (Norway) was reported at 3,474.80 billion in February 2026. The reading rose from the previous value of 3,422.10 billion. Trailing 12-month context per ETL data through February 2026.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with USD/NOK (Bullish NOK). A secondary relationship exists with EUR/NOK, negatively correlated (Bullish NOK).
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Norges Bank Interest Rate Decision (Jun 18) and Interest Rate Decision (Jun 18).
Auto-generated from current model state · Refreshes on each release · Last update February 2026.
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Money Supply - NO
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About Money Supply — Norway
DEFINITION
Money Supply is a key financial indicator that measures the total amount of money in circulation within an economy. It includes all physical currency, such as coins and banknotes, as well as digital forms of money, such as bank deposits and electronic transfers. This indicator is closely monitored by economists and policymakers as it can have a significant impact on inflation, interest rates, and overall economic growth. Changes in the money supply can provide valuable insights into the current state and future direction of an economy.
WHY THIS INDICATOR MATTERS
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Jan 2026): actual 3,474.8 B. Prior reading (Jan 2026): 3,474.8 B.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print. Current dynamics are the primary neutral force in the projection. This indicator correlates most strongly with USD/NOK (Bullish NOK, r=-0.50) — a useful reference for forex-focused traders.