Chief Economist Erica Blomgren SEB waiting lower interest rates in Europe, writes DN.
– The European Central Bank (ECB) will presumably with measures to combat zero inflation in the euro area. It can get signals already at the monetary policy meeting in late January or in March, she said the newspaper.
It’s about quantitative easing, which is a form of monetary printing through the repurchase of bonds. It will probably lower interest rates further.
– A downward pressure in the fixed income market will affect a small and open economy like Norway, which makes banks’ borrowing cheaper, says Blomgren.
Several banks offer down to 2.6 percent rate for conventional mortgages customers, and analysis manager Pål Ringholm in Swedbank says to DN that he believes it could fall to two percent before the summer.
– Tougher times for the Norwegian economy may give a couple rate cuts, says Ringholm.
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