Nordea will raise its Prime Rate by 0.25 percentage points to 3 per cent. The rise will enter into force on 1 July 2006.
Nordea Prime Rate is primarily used as a reference rate for housing loans.
The decision is based on the development of the market rates. The rates have risen as a result of the improved economic outlook and increased inflation risks in the euro area.
For further information: Pekka Luukkanen, Segment Household, +358 9 165 88147, +358 50 352 5265 Leena Mörttinen, Chief Economist, +358 9 3695 0245, +358 50 521 7269
