Rabobank poised to cut interest rates

Rabobank, the cooperative bank which has not had any Dutch government cash support, is poised to cut mortgage interest rates by at least 0.25%, CEO Bert Heemskerk told a tv show on Monday night.

‘A proposal is ready to lower the interest rate by 0.25% to 0.33%. I think other banks will do the same,’ he told the Pauw en Witteman show. This would reduce the interest rate on a 10-year fixed mortgage to 5.25% and 5% for a variable mortgage.

Thank you for donating to DutchNews.nl.

We could not provide the Dutch News service, and keep it free of charge, without the generous support of our readers. Your donations allow us to report on issues you tell us matter, and provide you with a summary of the most important Dutch news each day.

Make a donation