Interest rates will lower in the summer? Lagarde assumes possibility.

Always waiting for interest rates to drop so that your Euribor-indexed home loan installment also decreases? You don't have to wait - Talk to Poupança no Minuto and find other solutions for an immediate lower installment. But first, understand what to expect regarding interest rates.

There is still a level of uncertainty, but there is a possibility of lowering interest rates in the summer.

The President of the European Central Bank (ECB) Christine Lagarde, at the ongoing World Economic Forum in the Swiss city of Davos, considered the likelihood of a cut in interest rates in the summer.

However, mentioned in Notícias ao Minuto news, Lagarde admitted that she has to be "cautious" because they depend "on information and there is still a level of uncertainty", since certain indicators are not at the level they would like to see.

In order to manage expectations regarding the cut in interest rates, the ECB leader also clarifies that "it does not help in the fight against inflation if there is so much anticipation", as stated in the news article.

Despite inflation being "on the right track", the victory is still far from being declared.

In line with Christine Lagarde's statements, the governor of the Bank of Portugal (BdP) stated, in comments to the American network CNBC during the World Economic Forum, that "inflation in the eurozone and the ECB do not need to act much more to bring prices to 2% in the medium term," the news also explains.

The focus, according to Mário Centeno, is on medium-term inflation and not on February inflation, so a positive trend can currently be considered.

Note also that, according to the President of the ECB at the beginning of the year, it is possible to assert that interest rates in the eurozone have already reached their peak.  

Variable rate home loan? You don't need to wait for interest rates to drop.

If you have a variable rate mortgage, linked to the Euribor rates that vary according to interest rates, and are waiting for a rate cut: you don't need to wait.

There are solutions for you to have a fixed and more stable interest rate, without fluctuations. To do this, you can switch to a fixed or mixed rate regime. Faced with Euribor rates close to 4%, the rates currently practiced by certain banks start at 2%, fixing the rate for 1 year.

To access these campaigns, you can inquire with your current bank about the possibility, or transfer your financing to the bank that offers you these conditions. Talk to Poupança no Minuto, we'll take care of it in a second...we gather the various possibilities from banks, so you can choose the most advantageous proposal for you!