European Central Bank Readies New Interest Rate Rise, and What It Means for Mortgages and Business Loans
7 Articles
7 Articles
A sharp increase in installments will put pressure on households, especially those with lower disposable income or high mortgage balances.
A Bce raise of 25 basis points could bring the installment of a loan variable from 614 to 631 euros. But according to futures the Euribor could rise again in 2027.
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Although the ECB’s only official mandate is to maintain price stability, its decisions on interest rates branch across the economy, especially in the case of loans, whose interest rates are highly influenced by official rates. Within this component, mortgages and consumer loans threaten to become even more expensive.
European Central Bank readies new interest rate rise, and what it means for mortgages and business loans
A new interest rate rise from the European Central Bank (ECB) is imminent, with borrowers trying to work out what further cost this could add to their household budgets. A sharp rise in loan repayments would put pressure on households by sofokleous10..gr
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