The European Central Bank (ECB) descended, on Thursday, interest rates at 25 percentage points. Good news for those with housing credit and confirms a descent trend that should be maintained throughout the year.
AND The sixth consecutive time that the ECB down the reference. After the monetary policy meeting held on Thursday in Frankfurt, Germany, the rate is in 2,5%.
AND “The easiest descent to do this year”considers market analyst Catarina Castro, in statements, noting that “confirms and consolidate” the “rhythm of trust” that people “can have this Family budget clearance for this year ”.
However, after this decline in interest, and in the face of global uncertainty, “it will be more difficult to evaluate the risks,” says the expert.
But Catarina Castro understands that Interest descent trajectory “It remains intact” and that it should continue to make the way of descent to the 2%and for 1,5% em 2027.
However, it can have “A slower route” and “may include breaks,” according to the international conjuncture, warns.
At this point, “The risks are high”namely due to and those that may impact inflation, the market analyst underlines.
There is a lot of “unpredictability” as “the rhythm” and in relation to the “Geographic Directorate” Where Donald Trump will decide to attack with new rates, he analyzes, noting that it is necessary “a lot of prudence”. Also because we are at the “highest level of geo-economic and financial risk of the last 10 years,” says Catarina Castro.
Euribor at 3 months over 2.5% before the CCB’s descent
Even before the ECB meeting, Euribor, the interest rate used in housing credit, rose to three, six and 12 months against Tuesday.
Within the shortest period, it was again above 2.5% after being below this level for five consecutive sessions.
With these changes, the Euribor for three months advanced to 2.511%, continuing above the rate to six months (2.394%) and of the taxa a 12 months (2.448%).
Data from Banco de Portugal for January indicate that Euribor at six months represented 37.75% of loan stock for permanent housing with variable rate.
The same data indicates that the Euribor at 12 and three months represented 32.52% and 25.57%, respectively.
