Then, As Friday put up the interest rate on some of their loans by 0.2 percentage points, was the first time in many years that a Norwegian bank had done this, writes Dagens Næringsliv.
It is a bit unexpected to see that the interest rates being put up. It is a while since the last, ” says chief economist Harald Magnus Andreassen of Swedbank. He believes more banks may follow suit, but says it is not is likely to further increase in interest rates on the Bank or in the money market.
the Norwegians have, on average, twice as much in debt as they have in yearly income. Andreassen doesn’t think small interest rate increases will cause many end up in economic mess, but the more expensive the mortgage can nevertheless affect the economy.
It comes like a surprise to many that the Norwegian interest rates may rise, as there are very many borrowers who have never experienced it before. It could probably be a with icy feeling of the type “Faderullan, can interest rate rise?”. There are enough people might start to reduce its spending, ” he says. If enough do this, the economy is weaker, which has implications for all of us, ” explains Andreassen.
Also other economists, the newspaper has talked with are undecided on the effect of a smaller rate increase. (©NTB)
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