Countdown to protect families from the burden of soaring mortgages

The government and the bank are already negotiating against the clock to reach an agreement on the measures with which it is foreseen cushion the first impact in the updating of household mortgage rates before the dizzying rise in the Euribor following the policy of increasing the cost of money implemented by the European Central Bank (ECB) to combat inflation.

The First Vice President and Minister of Economy, Nadia Calvino, intends that the Council of Ministers approve a series of shock measures this Tuesday that will manage to alleviate the increase in mortgage prices, for which negotiations continue both at a technical level and between the Spanish banking leadership and the economic representatives of the Executive. However, a closed commitment has not yet been obtained although there is already agreement on most of the most relevant points which should be sanctioned with a royal decree law or with an amendment to the code of good practice.