The parliamentary leader of the PS defended this Thursday that a mechanical effect is not expected between the rise in the reference interest rates of the European Central Bank (ECB) and those formed in the interbank market, which impact housing credit.
The ECB announced on Thursday that it decided to raise its three key interest rates by 50 basis points, the first rise in 11 years, with the aim of curbing inflation.
The interest rate of the main financing operations goes from 0% to 0.50%, the rate applicable to the marginal lending facility now stands at 0.75% and the deposit rate, which was in negative territory (-0.50%) rises to 0%. This increase will take effect from July 27.
It must be said that part of this move to raise reference rates by the ECB has already been accommodated by the interbank rates themselves. Therefore, a mechanical effect between the rise in the ECB’s reference rates and an effect on the provision of housing to people is not to be expected,” said the president of the PS Parliamentary Group, Eurico Brilhante Dias.
For Eurico Brilhante Dias, the interest rates on housing loans have been increasing, although “for the values are still particularly low when compared to historical ones”.
But this will have an effect on the Portuguese stock market, and it will most likely have an effect in the second half of the year,” he said.
However, in statements to the Lusa agency, Eurico Brilhante Dias stressed that “the moment in which the Government will present the support package to combat inflation, in September, coincides with the moment in which the rate hike will take place. interest on home loans. .
The Government is very attentive to the inflationary process, which in this case will also have some impact on housing loans”, he added.
In a statement, the Governing Council “considered it opportune to take a greater first step, in its trajectory of normalizing reference interest rates, than the one indicated in the previous meeting”, opting for a rise of 50 basic points instead of the 25 basics. initially indicated points.
The ECB indicated that in the next meetings it will continue to raise interest rates.
Source: Observadora
