Tuesday, March 31, 2015

Negative rates applied on credit from Wednesday – Business Journal – Portugal

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negative charges payable on credit from Wednesday

Banks need to reflect on loans to individuals and businesses adverse developments Euribor and can not introduce clauses limiting the variation of the reference rate, announced the Bank of Portugal.

The reaction was expected since January and arrived on Tuesday. The Bank of Portugal issued a circular letter on “interest rates on credit agreements with consumers and businesses” in the current context of negative values ​​…

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