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Interest Rate Hike on "a Much Easier Path" to Debt Repayment After the Usury Ruling
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It can be expected that the payment burden of a 40 million krónur mortgage will increase by seven thousand krónur per month after the Central Bank raised the policy rate by 0.25 percentage points last week, from 7.75% to 8%. On Friday, Landsbanki became the first of the three major commercial banks to announce an interest rate increase. Fixed interest rates on indexed housing loans will increase by 0.1 percentage points. Fixed interest rates on …
·Reykjavík, Iceland
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