For a long time there was hardly anything that could be done about it – now you can hope again: policy rates and savings rates are rising again, the European Central Bank (ECB) recently raised them to three percent on Thursday. How can you get the most out of it now? Read the best tips here.
From 2016 to 2022 there was a fairly dry period: the policy rate of the European Central Bank (ECB) was usually zero percent. Since July 2022, the ECB has increased in four steps to 2.5 percent – and now, as reported, by another 0.5 percentage point to 3 percent. And the experts of the individual banks expect another rate hike – the next meeting of the ECB is in March anyway.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
