Norges Bank Expresses Concern Over Effects of Persistently Low Interest Rates - Financial Stability Report 2014

"A persistently low interest rate level in surrounding countries will affect the interest rate level in Norway. This could in isolation increase the risk of a further build-up of financial imbalances, with renewed house price inflation and debt accumulation, particularly if growth in the Norwegian economy remains firm." - Norges Bank 2014 Financial Stability Report