Madrid, December 19 (European Press) –
European Central Bank (ECB) Vice President Luis de Guindos called it “reasonable” for governments to adopt measures to try to mitigate the impact on the cost of mortgages from rising interest rates in the event of an economic slowdown like an actual one.
At an informational breakfast, organized by the New Economy Forum, the former Spanish Minister of Economy pointed out that the mortgage situation differs greatly in Europe between variable and fixed rates.
“I think it is reasonable to try to mitigate the cost of interest rate hikes in a situation of slowdown in GDP and high inflation like the current situation,” said the ECB vice-president, stressing that he considered it “reasonable to use.” Code of Good Practice”.
On the other hand, when asked about the ECB’s recent opinion on bank tax in Spain, the vice-president of the Eurozone Issuance Institute expressed “great respect” for institutions, such as the government, and stressed that it is a non-binding technical report. “It is a report from the European Central Bank, not from Luis de Guindos,” he added.
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