Says Randi Marjamaa, head of the personal market of Nordea NRK extension that more Norwegians will face a tough financial year with higher interest rates, more expensive food and electricity.
– Many people will have to adjust their consumption in order to manage the situation, he tells NRK.
This year, Nordea has had a doubling of customers requesting payment waivers.
– There has been a doubling since last spring and applications have gradually increased throughout the autumn, says Marjamaa.
Free installment means that you don’t pay mortgage installments for a period, only interest and expenses.
– If there is a permanent increase, as interest rates now indicate, then one should preferably adjust consumption, and rather save the grace periodSier Marjamaa.
In 2023, consumption will decrease. Norges Bank, which set its key interest rate on Thursday, thinks so. It is now at 2.75%, the highest level since 2009.
But that’s not all: Norges Bank announces a new increase to 3% in the first quarter. The interest rate will likely stay there before falling slightly in 2024. That will mean a mortgage interest rate of between 4 and 4.5 percent, according to the central bank governor.
