Macroprudential measures – Norway

The Norwegian macroprudential authority decided in November 2020 on the following measures with effect from the beginning of 2021:

a) 4.5% systemic risk buffer rate

b) A minimum average risk weight level of 20% applied at the level of IRB banks to house purchase loans secured by residential property located in Norway

c) A minimum average risk weight level of 35% applied at the level of IRB banks for commercial real estate exposures in Norway

The Czech National Bank does not reciprocate these measures, as the given exposure of domestic banks is very low. At the same time, the Czech National Bank currently has no information that this situation might change. However, it will continuously assess the situation and stands ready to amend its decision if necessary.

Prague, 7 July 2021