European Central Bank Readies New Interest Rate Rise, and What It Means for Mortgages and Business Loans
10 Articles
10 Articles
The Governing Council of the European Central Bank (ECB), meeting in Frankfurt, increased the base interest rate, as expected.
A sharp increase in installments will put pressure on households, especially those with lower disposable income or high mortgage balances.
New pressure on installments of floating-rate mortgages, on the cost of financing for businesses and on already expensive debts from cards and open loans is causing ... The article ECB: What does the new interest rate increase mean for mortgages, businesses and deposits was published in NewsIT.
How much will the second interest rate hike by the European Central Bank cost borrowers?
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.
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