Financial Analyst on ECB Hike: Interest Rates Are rising... What Should You Do?
The increase, the second since June, will raise borrowing costs and affect cash savings and investments, analysts said.
- On Thursday, the ECB will conclude a two-day meeting, with officials expected to confirm an interest rate increase from 2.25% to 2.5%.
- Inflation across the Eurozone climbed to 3.3%, up from 2.9% in July, as energy costs surged 14.3% compared to last year, driving the hike.
- Market confidence is high, with 99.2% of bets on Polymarket predicting a 0.25% rise; Irish banks have held rates steady so far but shifts are likely soon.
- Variable interest rates currently sit around 0.75% higher than fixed offers, meaning homeowners could save €26,000 by switching from AIB's variable rate to 3.1% fixed.
- Better options are available for savers earning 0.01% in demand deposits, as the 2.5% ECB rate offers improved returns compared to low-interest accounts.
29 Articles
29 Articles
With the impasse in the US-Iran conflict continuing and fuel prices moving sharply upwards, the European Central Bank is expected to raise its main deposit rate by 25 basis points to 2.5% next Thursday. It will be the second increase this year, after the corresponding one that took place in June. Such a development has been discounted by the market, as can be seen from the course of the Euribor - three-month and one-month - on the basis of which…
Protothema
PentapostagmaEuropean Central Bank prepares to raise deposit rate to 2.5% due to soaring energy prices – Rise in oil and natural gas
Central banks prepare an increase in interest rates in the face of inflation that exceeds forecasts. Sovereign bonds revive the tensions of 2022. The entry Central banks prepare an increase in interest rates: inflation exceeds forecasts and bonds revive 2022 aparece primero en Merca2.
The European Central Bank's main deposit rate is set to rise to 2.5% next Thursday, following a planned 25 basis point increase, the second in 2026. The move comes in an environment where tension in the Middle East and soaring energy prices are keeping inflation above the 2% target, bringing new […] The article ECB raises interest rates again – How loans and installments are affected appeared first on MeaCulpa.gr.
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