Norwegian property chief forecasts major 2027 rate cuts, citing Swedish pivot

Bård Bjølgerud argues Norges Bank should follow the Riksbank’s easing path as borrowing costs fall across the region.

By Handelsavisen Newsroom · Automated 7 August 2026, 04:30 UTC · 1 min read

Bård Bjølgerud, a leading figure in the Norwegian property sector, has forecast that the central bank’s policy rate will fall significantly in 2027.

In an interview with Finansavisen, Bjølgerud argued that Norges Bank should draw lessons from the Swedish Riksbank, which has already begun a pronounced easing cycle.

75% in June, marking a continued easing of debt service burdens for households.

The call for aggressive rate cuts comes as borrowing costs in Sweden have already started to decline.

Data from mortgage broker Zmarta shows the average interest rate on variable-rate mortgages in Sweden fell to 2.75% in June, marking a continued easing of debt service burdens for households.

This trajectory suggests that the Nordic region is entering a synchronized phase of monetary loosening, driven by cooling inflation and stabilizing economic conditions.

Bjølgerud’s outlook aligns with a broader shift in market sentiment toward lower rates in the Nordics.