Economics, Econometrics and Finance
4 years ago

Bank lending rates in Finland drop, benefiting customers and reducing loan costs.

1 view
SSRN Electronic Journal
Bank Interest Rates in a Small European Economy: Some Exploratory Macro Level Analyses Using Finnish Data
Karlo Kauko

Paper Summary

The study analyzed bank interest rates in Finland over time. Lending rates closely follow changes in money market rates, while deposit rates do not. The introduction of the monetary union led to lower average rates on new loans. Banks charge higher rates to cover credit and interest rate risks. The relationship between money market rates and loan stock rates is not straightforward.

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