After raising interest rates last week, the first major bank is now prepared to raise mortgage and deposit rates. The Norwegian Bank has already announced that the key interest rate will likely be raised again in December.
The issue is updated.
As usual, the country’s banks follow the central bank when the key interest rate is adjusted.
The Bank of Norway announced a small interest rate hike, by 0.25 percentage points, on Thursday, thus setting the key interest rate to 4.25 percent.
– Based on Norges Bank’s decision to raise the key interest rate by 0.25 percentage points at the interest rate meeting on September 21, DNB decided to increase the interest rate on mortgages and deposits by up to 0.25 percentage points, says Ingerd Blekeley-Speten, President of the bank. From DNB’s personal market.
DNB’s best variable interest rate will now be 5.24 per cent, going to customers buying their first home. Meanwhile, the interest rate on BSU deposits was set at 6.35 percent.
All deposit rates will be raised by 0.25 percentage points, says DNB communications director Kari Vardal Reis. The exception is a checking account where the interest rate is zero percent.
DNB’s new interest rates apply from November 26 to existing loans and deposits, the big bank says.
Read on E24+
Home price experts: – The fall will be cold and chilly
Announce a new high
When the Bank of Norway presented its interest rate decision on Thursday, the central bank made it clear that the key interest rate was likely to be raised again in December.
Central Bank Governor Ida Wolden Bache also gave signals that the key interest rate will remain at 4.5 percent until 2024.
The background to the interest rate hike by Norges Bank is that inflation (price growth) is well above the central bank’s target of 2 percent.
Dropping interest rate jumps: – It’s about not letting customers down
Riptide Savings Bank
Sparebank1 Hallingdal Valdres will not follow Norges Bank and raise the interest rate.
“We want to have ice in our bellies,” bank director Knott Oskar Vlieten told E24 recently.
The bank manager is afraid of getting too tight.
“It’s about not depriving our customers as much as possible, but getting a reasonable level of interest rate,” he said.
Those with money in a savings account will have their interest rate rise by 0.25 percentage points.
This would cost the bank millions of kroner, but Vlieten believes he has the scope to do it.
-We have been through so many interest rate increases that margins have risen to a good level. “We will lose some profits, but we will achieve a reasonable return on shareholders’ equity,” he said.
“Explorer. Unapologetic entrepreneur. Alcohol fanatic. Certified writer. Wannabe tv evangelist. Twitter fanatic. Student. Web scholar. Travel buff.”