European banks can take measures to mitigate the rise in borrower interest rates and avoid problems for borrowers. “I’m sure many banks are ready to renegotiate ‘floating-rate mortgages’, it’s in their interest” and they don’t “want unpaid loans” in their budget, said European Central Bank chief Christine Lagarde, in an interview with Spanish publishing group Vocento.
As for the interest rate ceiling demanded by some political forces in Spain (and Italy), the president said it was a matter between creditor and debtor. And not for charity”, “because it is in their interest to have healthy debtors”.
Lagarde’s not-so-secret invitation came after the announcement of a possible new interest rate hike of 50 basis points on March 16, or when the next meeting of the ECB’s board of directors was convened. “All the numbers seen in recent days confirm that this increase is very, very likely,” explains Lagarde.
It is too early to declare victory over inflation, we are making progress, but there is much more to be done,” said Lagarde, who hopes governments will take action to support low-income families who are being tested by rising food prices. energy and food products. “The way forward is clear: We must and will continue to take the necessary measures to bring inflation back to 2 percent.”
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Source: Today IT
Roy Brown is a renowned economist and author at The Nation View. He has a deep understanding of the global economy and its intricacies. He writes about a wide range of economic topics, including monetary policy, fiscal policy, international trade, and labor markets.
