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Interest rates show no signs of relief and continue to rise

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Juros não dão sinal de alívio e continuam a subir

















The threats were justified. The European Central Bank has reacted to market forecasts and has consistently raised interest rates by 0.5%. But the idea is not to stop there. And based on a significant upward revision of the inflation forecast, her organization Christine Lagarde says she “expects further increases”, noting that “she believes that interest rates will still have to increase significantly at a constant rate in order to reach levels which are restrictive enough to ensure a timely return of inflation to the 2% target over the medium term.”

A guarantee that has already been put forward by analysts contacted by our newspaper.

Ricardo Evangelista, an analyst at ActivTrades, believes that the central bank should continue to raise interest rates in 2023 until they reach 3%: “This means that after 0.5% we will have another percentage point over the next year.” However, he believes that next year the rate of interest rate growth should slow down: “We will probably have four increases of 0.25%. But this is a scenario that is not guaranteed and may need to be adjusted if inflation falls faster than expected or if it remains high despite monetary tightening.”

Paulo Rosa, an economist at Banco Carregosa, expects a 50-point increase of the same amount at the first meeting of 2023 on February 2, but sees a slowdown to 25 basis points on March 16, “setting the ECB’s deposit rate at the time at 2.75% , which is very close to the currently expected terminal rate, with the market expecting the same terminal rate for the eurozone interest rate to be around 2.8%. That is, the ECB’s current reference interest rate is 1.5%. A 50 basis point increase on December 15 would raise that rate to 2%. A rise of more than 50 points on Feb. 2 will raise the rate to 2.5%, culminating in 2.75% on March 16 for a 25 point increase.”

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Eduardo Silva of XTB Portugal also believes that “monetary tightening will have to continue to cool consumption and therefore inflation”, and therefore says that “in the medium term we will continue to see growth more or less aggressive depending on the evolution inflation.”

What to expect now?

For a property valued at 125,000 euros payable over 33 years, if in January the installment was set at 362.71 euros (at an average interest rate of 0.81%), then in October it had already risen to 488 euros (average interest rate of 2 .86). %) and will now rise to 540.58 euros, combining the interest rate with a projected increase of 0.5%. That is an increase of 52.53 euros per month, but 213.87 euros more than at the beginning of the year, according to the simulations carried out by Comparajá.pt.

For property worth 186 thousand euros, payable for the same period (33 years), if in January 535.42 euros were paid, then in October the contribution increased to 726.23 euros. With this increase in interest, you will pay an installment of 804.38 euros in December. That is a monthly increase of 78.15 euros and an increase of 268.96 euros compared to January.

The scenario is repeated for a house worth 257 thousand euros, also payable up to 33 years. The payment amount, which was 791.65 euros in January, rose to 1,073.72 euros in October this year. If this 075% increase occurs, you will pay a monthly fee of 1189.27 euros in December. After all, 115.55 euros more per month and 397.62 euros more than at the beginning of the year.

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According to João Melo, Director of the Mortgage Loan Platform, “2022 has undoubtedly been marked by an exponential and constant increase in mortgage interest rates, given that we are seeing the most dramatic increase in the history of banking. Although interest rates were already at higher rates, like in 2008 or 2012, the truth is that rates have fluctuated at a level they have never experienced before,” he refers to our newspaper.

He adds: “The main effects of this phenomenon have already been seen and, combined with the fact that house prices have not fallen, the total amount provided by banks associated with home loans has been decreasing month by month, and in October it was up to one of worst record in the last two years.



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Economy

Everything has been delivered. 10 Bugatti Centodieci are already in the hands of the owners

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Everything has been delivered.  10 Bugatti Centodieci are already in the hands of the owners

OAll Bugatti Centodieci have been delivered, the Molsheim-based brand said on Monday. Cristiano Ronaldo received the number 07 in October this year. and Bugatti has now revealed that the latest unit – #10 – is already in the possession of its owner.

“The Centodieci combines all the values ​​of the Bugatti brand in an extraordinary package: rarity, innovation, heritage, craftsmanship and unrivaled performance. The production batch of 10 units was so in demand by our customers that it was sold before the Centodieci. was even officially presented,” said Christophe Piochon, president of Bugatti.

This latest example is finished in Quartz White with carbon fiber trim on the bottom and matte grilles. The brake calipers are painted in Light Blue Sport, as is the logo on the rear that refers to the EB110, the iconic Bugatti model that inspired this Centodieci. Inside, the predominant color is also blue, as you can see in the images above.

This block is powered by the same block as the other nine instances. The 8.0-liter W16 with four turbines is capable of developing 1600 hp. In terms of performance, this allows the Centodieci to hit 100 km/h in just 2.4 seconds and reach a top speed of 380 km/h.

Recall that each unit costs the owners eight million euros before taxes.

Read also: We already know when the Bugatti Centodieci fell into the hands of Ronaldo.

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Economy

The first Dacia hybrid. “The cheapest hybrid family on the market”

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The first Dacia hybrid.  "The cheapest hybrid family on the market"

BUT Dacia revealed this Monday that the hybrid engine has been available since March on the Jogger, the Romanian brand’s model known to be available with a seven-seat variant.

The Jogger Hybrid 140, Dacia’s first hybrid, will hit dealerships in March, but customers can expect and order it as early as January.

The price has been revealed by Dacia and since it’s only available in the seven-seater SL Extreme, it starts at €28,800. The brand claims it is “the most affordable hybrid family car on the market.”

Available in six existing colors to celebrate the launch of this hybrid, there will be a slate gray version, as you can see in the images above.

Equipped with a 1.6 liter four-cylinder petrol engine with 90 hp, the Jogger is also powered by two electric motors (a 50 hp engine and a high-voltage starter-generator). The total power is 140 horsepower. The electric transmission is automatic, four-speed, connected to an internal combustion engine, and two speeds are connected to an electric motor. This combined technology was possible, according to Dacia, only due to the lack of clutch.

Combined with the energy recovery levels of the 1.2kWh (230V) battery pack and the efficiency of the automatic transmission, regenerative braking delivers all-electric traction on 80% of urban journeys and saves up to 40% of fuel compared to a combustion engine vehicle.

Read also: Dual-fuel Dacia Jogger Eco-G. We tried 5 seater and LPG…

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Economy

See how Tesla tests its electric Semi truck in the worst-case scenarios

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Tesla Semi camião elétrico testes

Tesla has finally been able to bring its long-awaited Semi to market. This electric truck promises to revolutionize transportation and bring all the unique characteristics of this type of electric vehicle to this class of vehicles.

Now that the first units have been delivered, there is hope that they will finally be mass-produced and reach more transport companies. With so many promises to be kept, a new video is now emerging showing Tesla testing its Semi truck under worst-case scenarios.


Tesla Semi is already on the market

Like all Tesla electric vehicles, Semi follows the same line of creating a unique design associated with a platform with the most modern technology available. The proof is in what was presented to the public and surprised most people.

To prove the quality of this new proposal, Tesla published in your LinkedIn account new video. In it, he reveals some of the testing he's done to determine the strength and quality of the Semi's design and its (potential) durability.

Tests to prove its durability

It has been revealed that the Tesla electric truck is subjected to numerous tests and its application in the worst scenarios that drivers may face. It doesn't stop at the ruggedness of the Semi's designs, but goes further and focuses on the motors and batteries themselves.

This is the proof that many have been waiting for to ensure that this new proposal is not limited to a lot of autonomy. Its resistance is great and will provide greater durability, further enhancing the Semi's value and performance.

high quality electric truck

Tesla has already showcased the Semi's quality with a video showing its truck driving roughly 500 miles on just one charge. The big news here is that he managed to make this long journey with a maximum load of about 37 tons.

Now Tesla remains to widely place the Semi on the market. At the moment, only a few companies have access to this new product, with a very long list of pending deliveries, who want to start mass-using this electric truck offering.

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