2023-05-03 14:47:59
The First Vice President and Minister of Economic Affairs and Digital Transformation, Nadia Calviño, plans to meet again in June with the banking sector, user associations and associations of the elderly to assess how the Code of Good Practices is working to help mortgage holders in difficulties.
During the press conference after the Council of Ministers, Calviño stressed that the Government is “more than aware” of the concern of families due to the rise in food prices and the “rapid” rise in interest rates.
“We understand it. That is why we have acted from the beginning, I would even say that with a preventive character, anticipating that rapid rise in interest rates to occurwith measures to directly support families, to try to contain the price of food and also to support those who may find themselves in a situation of vulnerability derived from the rapid rise in the interest burden on their mortgages”, has indicated.
Calviño recalled that, among these measures, at the end of last year the a new Code of Good Practice and a framework to provide families with variable rate mortgages with a set of tools, including freezing interest payments.
“Next June we have planned a new meeting with the sector and with user associations and with the associations that represent the elderly to evaluate how this Code of Good Practices is working, which in the first meeting we had was valued as very positive by all the participants”, the vice president pointed out in reference to the meeting she held with them last March.
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