will happen on June 6

Journalist Javier Ruiz, head of economics at Cadena Ser, foresaw the very good news that millions of Spaniards were waiting for. It will come into force on a key date: June 6th.

In his speech at Uppers, Ruiz emphasizes that “our interest rate hikes have been absolutely brutal, the highest in history” because ““They raised a truly outrageous amount in no time at all.”

But what’s remarkable is that the ECB said the expansion was over: “From June 6, rates begin to decline. This means that from now on Euribor will begin to fall and this has already begun. The Euribor rate is already falling and will close the year at 3.3%, and next year at around 2%.”

“So, on June 6 the decline begins, Euribor is already expecting it a little, but we are going to close the year at around 3%. Do you have a mortgage? “This is the best data we can imagine at the moment,” Ruiz celebrates.

Moreover, the journalist assures that there will be more news: “When this starts, the economy and banks will start pumping again, since interest rates are already lower, They are starting to give loans again.”

“To win, you need to win with volume. And they give loans to companies and households. The increase is very small, but they are starting to give mortgages again because they are no longer satisfied with sitting back and seeing that I charge you more for the mortgage, but I don’t pay you more for the savings. It’s starting to become useless because they’re going to charge less. They need to get back into the commercial business,” Ruiz explains.

And in the end he insists: “June 6th is the date when the rate cuts begin.”