Pilar García de la Granjadeputy general director of the Editorial and Institutional Relations Area of Henneoanalyzes the latest interest rate cut by the European Central Bank.
This will have an impact on clients of financial institutions when requesting a credit or renegotiate a mortgage loan, because the interest applied will be lower, having lowered 0.25 basis points.
“Your bank or financial institution has requested that money at a lower cost, that means that you They also pass it on to you and you have to pay less“remarks the journalist.
De la Granja also highlights that the ECB is the only monetary authority in the Eurozonetherefore it is “the one who decides how much money is in the market and at what price it is bought and sold”.