O The European Central Bank’s (ECB) interest rate cut will dictate a reduction in mortgage installments for all contracts that renew in November. The size of the relief will depend on the capital outstanding and the Euribor index (3, 6 or 12 months), and savings can exceed €210 per month for Portuguese people who have loans of €250,000 indexed to the Euribor for 12 months, according to Deco’s accounts sent to Expresso. It means that, over the next year, these families will pay €2,500 less to the bank.
