The CPI based on prices mid-November increased by 0.35% between months, bringing the inflation rate to 4.8%, up from 4.5% in October.

Variable interest rates on non-indexed housing mortgages increase by 0.35 percentage points (pp). Fixed rates on non-indexed 36-month housing mortgages increase by 0.30 pp and fixed rates on non-indexed 60-month housing mortgages by 0.25 pp. Interest rates on inflation-indexed housing mortgages, both variable and fixed, are unchanged.

Búi Örlygsson has taken up the position of Head of Asset Management at Landsbankinn. Búi has 21 years of experience of asset management and has worked for Landsbankinn since the year 2000. Asset Management falls under the Bank’s Asset Management & Capital Markets division.

Yesterday, Landsbankinn concluded a sale of green bonds in the amount of EUR 300 million with maturity in May 2026. The bonds have a fixed coupon of 0.75% and were sold at terms equivalent to 95 basis point spread over mid-swap market rate.