Pressured households with large mortgages have received the message they were hoping for. As the market predicted, the Riksbank chooses to lower the policy rate by 25 points to 3.75 percent – the first reduction in eight years.
The consequent question to whether there would be an interest rate cut or not has been how quickly the banks would act in the new interest rate environment. Very quickly, it turned out. At least in some cases.
Immediately afterwards, Nordea announced that it is lowering the mortgage interest rate on three-month loans by the same amount, i.e. 0.25 percentage points.
In a message to TT shortly afterwards, Swedbank announces that it is doing the same.
For Nordea’s account, this now means a new list rate of 5.74 percent, with the changes coming into force on 10 May.
Swedbank’s reduction is just as large after the list rate at the last change was 5.94 percent. For those who at the same time had the savings in a savings account, the changes are now also taking place, albeit in a negative direction.
In connection with today’s announcement, Swedbank announces that the deposit rate will be lowered by 0.20 percentage points.