De Cos supports Calviño’s mortgage agreement, considering it “balanced”
Support from the Governor of the Bank of Spain for the new measures that extend the shield to protect vulnerable households with a mortgage from the rise in interest rates and that include support for families with measured income at risk of vulnerability due to the ‘rally’ ‘ of the Euribor. Pablo Hernández De Cos considers that the package negotiated with the banks and approved on Tuesday in the Council of Ministers “has struck a balance” by providing relief to households that could be affected the most by the increase in interest rates on their variable rate loans, while, as necessary, does not generate excessive pressure on the balance sheet of the entities and it continues to maintain a payment culture so that the real estate and mortgage market functions structurally properly.
This was the message that De Cos launched to questions from the media during the online conference cycle organized by the General Council of Economists for the twentieth anniversary of the introduction of the euro and in which the Governor added that now we must see how these measures are implemented.
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