The downward trend in interest rates began in the summer, in June, returned in September with a new cut of 0.25 percentage points, and further cuts are now considered possible by the end of the year.
The European Central Bank (ECB) is all cautious, which has good news for now. Eurozone inflation fell from 2.2% in August to 1.8% in September, according to Eurostat’s flash estimate, which does not yet represent the definitive value of monthly inflation.
The 0.25 percentage point cut in September lowered the interest rate used in housing credit contracts to 3.5%.
And according to the coordinator of Deco’s Financial Protection Office, Natália Nunes, it is worth remembering that “at the beginning of 2022, markets anticipated increases in Euribor rates even before the ECB’s reference rates started to rise. This year they also brought forward the fall in Euribor rates before ECB rates started to fall”.
