Increased household demand for fixed-rate loans
- Survey of Bank Lending
Credit demand from both households and non-financial enterprises was broadly unchanged in 2018 Q3. Household demand for fixed-rate loans increased and is expected to increase somewhat in Q4. Banks reported little change in credit standards for households and enterprises and expect to keep credit standards unchanged in Q4. Margins on household loans fell as a result of higher funding costs. Banks reported that lending rates for both households and enterprises will rise somewhat in Q4 as a result of the increase in the key policy rate in September.
In its work on monitoring financial stability in Norway, Norges Bank uses extensive statistics on developments in credit and financial markets. In order to expand the information base, Norges Bank conducts a quarterly survey of bank lending. The survey provides information on changes in the demand for and supply of credit and on changes in banks’ loan terms and conditions. Objective of the Bank Lending Survey