The banks raised their lending rate by 0.1 percentage points while the deposit rate remained unchanged in 2000 Q3

The Riksbank's quarterly survey of the banks' and mortgage institutions' average interest rates as of 30 September 2000 indicates that the banks raised their lending rates by an average of 0.1 percentage points, while the deposit rate remained unchanged during the third quarter 2000. The interest rates were 5.8 per cent on lending and 2.0 per cent on deposits. The difference between the lending and deposit rates, 3.8 percentage points, rose by 0.1 percentage points compared with the previous quarter. The Riksbank's repo rate, 3.75 per cent, remained unchanged during the third quarter, as did the rate on 6-month treasury bills.  

 

The mortgage institutions raised the variable new lending rate by an average of 0.1 percentage points to 4.9 per cent. Meanwhile, the interest rate on the mortgage institutions' total outstanding loan volume fell by 0.1 percentage points to 5.9 per cent during the third quarter 2000.

 

The information can be found on the Riksbank's web site: www.riksbank.se under the headings Statistics and Publications. It can also be ordered from Information Riksbank by e-mail (forradet@riksbank.se), fax (+46-8-787 05 26) or telephone (+46-8-787 01 00). The information is also included in the latest issue of Financial Market Statistics no 10, October 2000, which will be published during week 48 and can be obtained at the Riksbank's main entrance, Brunkebergstorg 11.

 

Further information can be obtained from the Financial Stability Department:
Enar Olofsson, phone: +46-8-787 01 38 or e-mail: enar.olofsson@riksbank.se and Kristina Löfstrand, phone: +46-8-787 05 62 or e-mail: kristina.lofstrand@riksbank.se