The banks left their lending rate unchanged and raised the deposit rate by 0.1 percentage points in 2000 Q4

The Riksbank's quarterly survey of the banks' and mortgage institutions' average interest rates as of 31 December 2000 indicates that the banks left their lending rates unchanged at 5.8 per cent and raised the deposit rate by 0.1 percentage points to 2.2 per cent during the fourth quarter 2000. The difference between the lending and deposit rates fell by 0.1 percentage points to 3.7 percentage points (rounded off), compared with the previous quarter. The Riksbank raised its repo rate by 0.25 percentage points to 4 per cent, while the rate on 6-month treasury bills rose by 0.1 percentage points during the fourth quarter.

 

The mortgage institutions' variable new lending rate remained unchanged at 4.9 per cent during the fourth quarter 2000. Meanwhile, the interest rate on the mortgage institutions' total outstanding loan volume, 5.9 per cent, remained unchanged compared with the third quarter 2000.

 

The information can be found on the Riksbank's web site: www.riksbank.se under the headings Statistics and Publications.

 

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