– What we hope for is that the Riksbank’s new low interest rate stimulates investment, for example in new homes. But there is of course also a risk that the debt will rise further from already high levels. The development, we must follow closely.
Minister for Financial By Bolunds advice to those who may now be tempted to borrow at the very low mortgage rates are counting on a more reasonable long-term interest rates.
– Although the Riksbank in its planning at zero interest rate, or even lower, for over a year, then indeed the individuals their mortgages for much longer than that, often in 10-30 years. Then, borrowers must make sure to have margins for higher interest rates in the future, as well as in the event that they ever face such as unemployment or divorce, which affects the economy very hard.
Without giving its own precise picture what is the normal rate, comments Per Bo Riksbank’s view that 5.5 percent is classic regular rate in Sweden.
– I think we agree that one should see a much higher interest rate than today as the default mode adapt its economy to.
According to Per Bolund can the more normal interest rates be affected – either temporarily or more permanently – of the ongoing globalization of technology changes.
– We have a global economy that lowers manufacturing costs and a digitization affecting. In addition we have right now, for example, lower oil prices, but there is not anyone who can guarantee that today’s low interest rates has come to stay.
The Riksbank’s decision to lower reporäntann with ten points, he looks like a pretty small change from zero level.
– Riksbank makes the decisions independently, so I have no position on that. But it gives so clearly a psychological effect that it now goes to minus interest.
Per Bolund compare with Denmark, which for some time has had a negative rate.
– This has not led to private individuals have to pay to have money on savings accounts, or that in Denmark get paid to take mortgages, says the minister.
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