Executive Board meeting 11 August 2005

Banks – Connectedness Non-bank financial institutions Households – Leverage Households – Debt service Households – Credit growth Non-financial enterprises – Leverage

Sources: Statistics Norway and Norges Bank Domestically produced goods and services (0.7). Imported consumer goods

Conservation buffer Minimum requirement.. Total credit 1) mainland Norway as a share of mainland GDP. Deviation from estimated trends. C3 comprises C2 and foreign debt. 2)

Interest and exchange rate assumptions and projections for the CPI adjusted for tax changes and excluding energy products (CPI-ATE) and the output gap in Inflation Report 2/04.3.

Sources: Statistics Norway, the Directorate of Labour and Norges Bank Registered unemployed. and persons on labour

Draft minutes of meeting between Norges Bank and the Ministry of Finance on 19 April 2005 STRICTLY CONFIDENTIAL memo 19 May 2005 – Updated inflation outlook from Monetary Policy

Sources: European Banking Authority (EBA) and Norges Bank.. Sources: Finance Norway and Statistics Norway.. 1,2 Percentage points. C3 non-financial enterprises comprise C2

Constant 2007 prices. In billions of NOK.. GDP mainland Norway 1) and Norges Bank’s regional network indicator of change in production past three. months and expected change