”It takes time for an interest rate cut to have full effect on the economy. If inflation does not again surprisingly rise in August, the Swedish Central Bank should reasonably therefore cut the benchmark interest rate in September”, writes the bank's chief economist Robert Boije in a comment.
The Swedish Central Bank chose on Wednesday to let the benchmark interest rate remain at 2.00 percent, but at the same time signaled that there is "a certain probability of another interest rate cut this year”.
A September cut would mean that the variable mortgage rates creep down a bit below 3 percent during the autumn, writes SBAB.
”In the slightly longer term, I think that as a mortgage borrower you should still prepare for mortgage rates around 3–4 percent, somewhat depending on the choice of fixed interest period”, writes Robert Boije.
