Higher lending rates, unchanged demand
- Survey of Bank Lending
Credit demand from both households and non-financial enterprises was broadly unchanged in 2018 Q4. Banks reported no substantial changes in credit standards and expect to keep credit standards approximately unchanged also in 2019 Q1. Interest rates on both household and corporate loans increased somewhat in Q4, in line with expectations in Q3. Banks also reported somewhat higher funding costs and a slight fall in household and corporate lending margins.
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