BCE cuts interest rates and housing loan installments will continue to experience relief.
With the new cut in interest rates, those with variable rate mortgages will continue to feel some relief in the coming months.
The ECB decides to lower the main interest rate to 2.25%
The European Central Bank (ECB) cut interest rates by 25 basis points, setting the main deposit rate at 2.25%. This decision comes at a time when the European economy shows signs of resilience, but also faces greater uncertainties, such as the impact of global trade tensions.
It is the 7th drop since June 2024. The goal is to control inflation, but the measure could bring some relief to families with housing credit.
Although the ECB warns of economic slowdown risks, the institution acknowledges that the disinflation process is advancing.
For those with a variable rate mortgage, this reduction is good news: Payments will continue to decrease in the coming months, as the Euribor (benchmark index of contracts) reflects this new reduction.
However, the descent will be gradual and will depend on the periodicity of the contract review. Still, it remains a positive sign for those who have felt the burden of high interest rates in the last two years.
Want to experience a faster decrease in your monthly home loan payment? Opt for transferring your credit to another bank with better conditions! - Read more: How does home loan credit transfer work?
The Poupança no Minuto helps you find the best offer in the market for you, saving you from bureaucracies (free of charge!), to help you save money. Simulate now: