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interest rates on the mortgage loan be increased by up to 0.20 percentage points, as a result of more expensive borrowing.
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The recent increased levels in the money market makes that Nordea now adjust the level on interest rates for some customer groups, according to a message Friday.
interest rates on the mortgage loan be increased by up to 0.20 percentage points, while more and more customers get interest rates remain unchanged.
the Development in the money market governs our pricing, and the last time the price of money has risen. The alignment varies from that you don’t get any changes in the interest rate to that you get a increase. But we see that we are still competitive on price, ” said John London, director of banking operations in Nordea Norway.
Best retail list price on boliglånsrente is 2.09 per cent, to be disclosed.
at the same time increased the interest rate on deposits.
Boligsparing for young people (BSU) have an interest rate of 3,20%, while the interest rate on Boligsparekonto also raised to 3,20%. Also, the fixed rate on the deposit increases to 1.50 percent for the binding in one year, says Nordea.
- It is important for us as a bank to encourage savings, especially for domestic purposes in times where we see that prices in the housing market has risen a lot, ” says Sætre.
the New interest rates for deposits and existing loan apply from 16. november 2016. For new loans for new interest rates from Friday, 30. september.
Growth money market
money market rates form the basis for a number of loans in the Uk. The yields on many bonds and banks ‘ loans to businesses and households is set based on money market rates.
It is precisely these interest rates out to the public, Norges Bank tries to influence by making changes in the base rate. The past year has, however, the key policy rate and the main referanserenten in the money market, tremånedersrenten, separated the layers.
despite two interest rate cuts have the money market rate hardly fell. And the last time the in addition begun to rise (see graph).
(click on graph for larger version)
While the difference between the key rate and the threemonth money market rate last year was about 0.25 percentage points is the today of around 0,65 percentage points.
the Recovery in the Norwegian pengemarkeder can be due to conditions outside the country’s borders. In October will be conducted a pengemarkedsreform in the united STATES, which already has led to an increase in interest rates, the money market for dollars. Since there is a separate Norwegian kronemarked, visit the loans in the Norwegian money market through the dollar. Therefore, dollarrenter of direct relevance to the interest in kronemarkedet.
Norges Bank points out that the premium in dollarrenten have turned into Norwegian money market rates. At the same time believe the bank that the new likviditetskrav to the banks, both in the Noge and internationally may have reinforced the effect of the new regulations in the money market in the united STATES.
“There is reason to believe that the premium in dollarrenten will slow down somewhat after the new regulations for us money market funds to take effect in mid-October,” writes the central bank in the monetary policy report which was laid out in the previous week.
“Both likviditetskrav to the banks and the new regulation of money market funds in the united STATES suggests, however, that the premium in Nibor can remain higher in the longer term than previously assumed. Therefore, we have revised upwards the long-term premium in three-month Nibor from the additional 0.30 percentage point to 0,40 percentage points,” writes the central bank in the report.
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Listen DN-the podcast that the money is free: the level of interest rates is abnormally low, and economists have no filla no idea why. The DNs utgavesjef Terje Erikstad and makrojournalist Einar the Norwegian university discusses with the finansjournalist Marte Ramuz Eriksen what to get Øystein Olsen and other sentralbanksjefer in zen.
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