In all likelihood, the European Central Bank will raise its policy rate from 3.5 to 3.75 percent this week. However, hardly anyone notices the increase in interest rates for savings, but for the – mainly variable – loan repayments. We’ll show you what experts advise now, where cost traps lurk and how to avoid them.
Economists are sure: the ECB will probably raise interest rates again on Thursday in the fight against high inflation. That would be the seventh time in a row since the ECB initiated interest rate reversal in July 2022 after years of ultra-easy monetary policy. However, the majority of experts expect that the euro watchdogs around central bank boss Christine Lagarde will slow down a bit.
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.
