There ECB cut i taxi Of 25 basis points for the sixth time from last June and brings the rate on depositsthat of referencefrom 2.75% to 2.50%. The rate on main refinancing operations Cala da 2.90% to 2.65%the one on marginal loans from 3.15% to 2.90%.
The cutting the cost of money is one good news especially for those who have contracted a mutualfor example for the purchase of a house. The reduction of the 0.25% of the Interest rates by the ECB will in fact have a reflex on the pockets of consumerswhich can transform – depending on the type and of the duration Of mutual – until 200 euros less At RATA.
For example, the Fabi calculate that on a decennial loan The saving varies between 37 and 182 eurosaccording to theamount financedwhile on a 30 -year mortgage theimpact it is definitely stronger, reaching beyond 200 euros per month. More in detail, on a 100,000 euro mortgage to 20 yearsthe installment will be reduced to 76 euros per month, while for the same amount to 30 years The saving will be 81 euros. For a financing of 250,000 euros to 30 yearsthe monthly reduction arrives to 203 eurosequal to beyond 2,400 euros per year. THE’effect will be more marked on long -lasting mortgageswhere the interest weight It is greater.
According to the study ofNational Consumers Unionthe installmentfor those who have now contracted a variable rate mortgagecan be lowered to 17.50 euros per month, equal to 210 euros per year. A saving that goes then decreasing As the mutual Yes approach the deadline And you pay almost only the capital share.
For the Codaconson the other hand, i lower costs they wander, for a Mortgage at 20 years Of amount included Between 100,000 and 200,000 eurosBetween 13 and 27 euros per month, equal to one less annual expense Between 156 and 324 euros. If the financing has a duration of 30 yearsThe rates of 0.25% would produce a average savings Between 15 and 30 euros on the monthly installmentBetween 180 and 360 euros per year. For a Mortgage of 125,000 euros to 25 yearson the other hand, a Similar cut translates into a savings of about 17 euros per month, with a impact from 204 euros on an annual basis.
THE savings may not be instantaneous as, explain the expertThe cut owe reflect first on reference rate for i mortgagesi.e. theEuribor.
Lagarde: commercial tensions will reduce growth
The growing commercial tensions “they will reduce growth ofEurozone». This is what the President of the ECB Christine Lagarde in the press conference following the board who has cut the rates of 0.25%.
At the same time, «theIncrease in frictions In the global trade is adding further uncertainty to prospects of inflation in the’euro area. A’General escalation from the commercial voltages it could see theeuro depress he is import costs increase, which would exercise one upward pressure oninflation.
At the same time, one lower question Of exports in the’euro areafollowing higher rates and a Reddirizing exports in the’euro area from Countries with SuperCabilitywould exercise one downward pressure oninflation», He observed Lagarde.