– We note that the prices of the square has changed. Our customers can expect competitive prices for our products, says communications director Lars Sæthre Handelsbanken said.
Handelsbanken according Finance Norway is the fourth largest in the country measured by total assets. Similarly signals coming from banks following the list.
– We see what other banks are doing and will make adjustments. Scope and size is not yet determined, but it is obvious that we will make adjustments, said information chief Frode Sandal in SpareBank 1 SR-Bank.
Cheaper loans
Danske Bank was the first rate cut in this game. Thursday night alerted the bank a cut of up to 0.3 percentage points, with a nominal interest rate of 2.95 percent as the bank’s best offerings.
Friday followed Nordea and then DNB up with cuts in a similar magnitude. Both DNB and Nordea now has a nominal interest rate of 2.9 percent as its best offer for cuts of up to 0.4 percentage points.
– We note that several of the largest banks have lowered interest rates. It provides guidelines and we are considering the situation closely, says CIO Lars Ove Breivik Sparebanken Vest said.
The same message comes from SpareBank 1 SMN.
– We are following the situation and have to be competitive, says information director Hans Tronstad.
Wave of rate cuts
Chief Economist Jan L. Andreassen Eika Group expects a wave of interest rate cuts in first half.
– I think most will get a mortgage rate of half a percent lower this year than last year. But I do not think this is heading towards zero. Mortgage rates are now in bottoming out between 2.5 and 2.75 percent, Andreassen says to VG.
He recommends committing mortgage rates at such a level.
– It is after everything is not so much to go on from here, he said the newspaper. (© NTB)
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