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Banks Are Waiting for Interest Rate Cuts: – Understandable

Summary by VG
Prime Minister Støre believes that banks must lower mortgage rates as soon as possible. Now it's an election campaign, counters the economics professor.
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Politicians from across the party spectrum agree that banks should cut people's interest rates now. An economics professor believes it is natural for banks to wait.

·Oslo, Norway
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Economics professor Ola Grytten defends the banks after they have been criticized for waiting to cut interest rates, saying it is understandable that they want to maximize profits.

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Economics professor Ola Grytten defends the banks after they have been criticized for waiting to cut interest rates, saying it is understandable that they want to maximize profits.

Prime Minister Støre believes that banks must lower mortgage rates as soon as possible. Now it's an election campaign, counters the economics professor.

·Oslo, Norway
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VG broke the news in Oslo, Norway on Saturday, June 21, 2025.
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