Riksbank Governor Erik Thedéen has stated that it is not surprising that major banks have started raising interest rates on variable-rate mortgages. According to Thedéen, banks' funding through market interest rates has become more expensive. He reportedly questions why banks' interest rates on savings and transaction accounts are not following upward.
Thedéen noted that banks typically follow market interest rates as they rise or fall, and this correlation is usually strong.
it is not surprising that major banks have started raising interest rates on variable-rate mortgages
banks' funding through market interest rates has become more expensive
why banks' interest rates on savings and transaction accounts are not following upward
banks typically follow market interest rates as they rise or fall, and this correlation is usually strong