Good news for mortgage loans: ECB cuts interest rates again.

The Central Bank of Brazil lowers rates by 0.25% for the 5th consecutive time.

The European Central Bank (ECB) announced a new reduction in interest rates, lowering the deposit rate from 3% to 2.75%. This measure is part of the monetary policy easing process started in June last year and reflects the institution's confidence in inflation returning to the 2% target.

According to the ECB, as read on Notícias ao Minuto, the decision was made based on the evolution of inflation, economic dynamics, and the effectiveness of implemented policies. The central bank considers that the process of decreasing prices is evolving as expected, despite some sectors still adjusting wages and costs in the face of high inflation in recent years.

The institution also points out that, despite the economy continuing to face challenges, the increase in purchasing power and the progressive normalization of financial conditions should boost demand in the coming months.

With this change, interest rates applicable to the permanent deposit facility, main refinancing operations, and liquidity provision are now 2.75%, 2.90%, and 3.15%, respectively.

This is the 5th consecutive rate cut by the ECB, reinforcing the central bank's commitment to a monetary policy more aligned with the current economic situation.

Is it the ideal time to take out a mortgage or renegotiate its conditions? With interest rates falling, if you index your credit to the variable interest rate, you can access a more relaxed monthly installment. Contact the credit intermediaries of Poupança no Minuto at https://www.poupancanominuto.com/contacto?utm_source=poupanca-no-minuto&utm_medium=artigo&utm_campaign=808-poupanca-no-minuto for continuous and free assistance in this contracting process, or simulate how much you would currently pay in this simulator.