SpareBank 1 SR-Bank ASA raising mortgage rates
High levels of activity and low unemployment rate are fuelling inflation in the Norwegian economy. Norges Bank has therefore raised its key policy rate to 1.75 per cent to curb pressures in the economy. “Interest rates are an important tool for reducing the risk of an overheated economy. SpareBank 1 SR-Bank is following the signals from Norges Bank and is increasing its mortgage rates by up to 0.50 percentage points,” says Roger Lund Antonesen, Executive Vice President Retail Market. Unemployment in Norway has fallen more than expected and is now stable at a historically low level.