INTEREST rates in the Eurozone could fall to 2.5% next year, having closed August 2024 on 3.75%, according to latest research.
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From 1st January 2022 there will be changes to the manufacturers' guarantees that come with new electrical goods. The Spanish Consumers' Association (OCU) has confirmed that products sold from the beginning of next year will come with a three-year manufacturer's warranty instead of the current two years, and manufacturers will have to guarantee the availability of spare parts for ten years, rather than the current five.
The new measures come as part of a change to the General Consumers & Users Defence Law which will come into force in January 2022, and which adds these additional guarantees which, according to the OCU, represent "another step towards product sustainability and repairability".
So if you are thinking about rushing out and buying a new TV or washing machine in time for Christmas, the advice from OCU is to delay that purchase until after 1st January 2022.
INTEREST rates in the Eurozone could fall to 2.5% next year, having closed August 2024 on 3.75%, according to latest research.
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