SpareBank 1 SR-Bank raises mortgage rates
Continued strong inflationary pressure in the Norwegian economy resulted in Norges Bank increasing its policy rate to 2.25% on Thursday. SpareBank 1 SR-Bank will follow suit by raising its mortgage rates by up to 0.50 percentage points. “The higher rate is intended to dampen pressure in the economy, which is important to avoid prices remaining high over a long period. Norges Bank has warned of more interest rate hikes to come, and customers who are concerned about their personal finances are asked to contact us for advice,” says Roger Lund Antonesen, Executive Vice President Retail