The presidency minister ruled on Thursday that the decision by the European Central Bank (ECB) to raise its interest rates by 75 basis points reflects the current uncertain situation and justifies the government’s actions.
The rate on the main refinancing operations will be increased from 0.50% to 1.25%, the rate for the Marginal Lending Facility from 0.75% to 1.50% and the rate for the Permanent Deposit Facility from 0% to 0.75 %. This increase will take effect from 14 September.
Faced with this new framework resulting from the ECB’s decision, Mariana Vieira da Silva stressed that “the moment of uncertainty has been confirmed”.
“It’s another element of this moment of uncertainty and it justifies the way the government has tried week after week to assess the conditions and problems it needs to solve.”stated the holder of the Presidency portfolio at a press conference at the end of the Council of Ministers.
In this sense, according to the presidency minister, the government has “submitted proposals and advanced measures to respond”.
Particularly with regard to the expected negative impacts on housing, especially for families with home loans, Mariana Vieira da Silva quoted recent statements by Minister Pedro Nuno Santos.
“As the Minister of Infrastructure said recently, [a subida dos juros] part of the process being monitored. There is openness on the part of the government to continue to adopt measures to face a difficult situation, of great uncertainty, as it could not be otherwise at a time when there is a war in Europe, with all the consequences of serve for man of mind. , social and economic”he added.
Source: DN
