Euribor interest rates will only fall seriously in 2026 and from then on the Ministry of Finance (MF) will rely on the state budget proposal for 2024 (OE 2024), which has been submitted to parliament and presented this week.
The expected slowdown in credit-related costs is largely explained by a relatively long pause in the decline of the indexes in the second half of 2025, for example. In these six months it looks like interest rates will freeze above 3%, while today they are around 4%.
As can be seen from the basic assumptions of the new OE, Portuguese borrowers (who have debts to the bank) can count on a first and very slight relief from the middle of next year (assuming that the economy cools down seriously and inflation continues to fall). , but this reduction will be gradual and by the end of 2025, the government admits, the above rates will have fallen by only the equivalent of 1%.
The new budget proposal of the PS government with an absolute majority indicates that the Euribor, currently around 4% (even above, at 4.2%, in the case of the most used, the 12-month Euribor), would be timidly should decrease and only from the middle of next year. At the end of 2025, these reference rates used by the banks, as stated, should still be above 3%.
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Source: DN
