Friday, December 2, 2022
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Spain to unveil details of mortgage relief next Tuesday

MADRID (Reuters) – Spain’s government is expected to unveil details of mortgage relief measures at its next cabinet meeting on Tuesday to help vulnerable households and middle-class customers cope with rising such loans, Spain’s economy minister said. borrowing costs.

Nadia Calvino told reporters on Friday that the government and banks are finishing work on expanding and improving existing industry-wide codes of good practice.

“I hope in the next few hours we can reach an agreement so that we can submit on Tuesday,” Calvino said in a speech with EU antitrust Superintendent Margrethe Vestager told a joint news conference.

Calvino said the government and lenders were also working on measures to support middle-class households that could be at risk from accelerated ECB rate hikes translating into higher mortgage rates.

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