Interest rates: the ECB decides
The European Central Bank [ECB] has again cut interest rates by 0.75% - thus rising from 3.25% to 2.50%. According associations Codacons and Adusbef, this reduction will be applied immediately on the rate of financial loans , so you can help families who have entered into an adjustable rate mortgage .
Without hesitation, the banks should lower rates as soon as the ECB has decided, because the very same families have so far prompted to choose a variable rate rather than fixed, even in a financially critical time.
It can be calculated a saving of about 500 per year for each family who has requested a financial loan .
The research of consumer advocacy groups point out that, currently, the Italian families come to pay interest rates up to 6%, a percentage well above the new law of the European Bank. At this time, more than ever, there is a need - by the Italian government - to level the interests of the funding rates of the European market.
