STOCKHOLM--(BUSINESS WIRE)--Regulatory News:
Nordea (HEX:NDA1V) will cut its Prime Rate by 0.10 percentage points to 1.70 per cent. The new Prime Rate will enter into force on 1 August 2012.
Nordea Prime Rate is used as a reference rate for deposits and housing loans.
The decision is based on the performance of the market rates. The previous time the Prime Rate was lowered was on 1 November 2009.
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