The European Central Bank (ECB) reduced the leading interest rate again by 0.25 to 2.75 percent on Thursday. Although Häuselbauer can be happy because their (variable) loan becomes cheaper, our savings books must adapt to less yield. The “Kroon” looked around where there is currently still attractive interest.
To combat high inflation in mid -2022, the ECB heralded the end of the zero interest rate policy and began to enormously increase the most important interest rates. In a short time it went up to 4.5 percent – which caused many people in trouble with continuous, variable real estate financing (keyword houses loan loan). From June 2024 it will go down again. The ECB reduced by 2.75 percent on Thursday.
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.
