The European Central Bank (ECB) is expected to raise interest rates again next week. This decision is almost certain and comes in response to persistent inflation in the eurozone.
Financial markets are already anticipating this increase, which is reflected in a rise in Euribor rates. These rates, which serve as a reference for many loans in Europe, have been increasing in preparation for the ECB's decision.
The impact of this interest rate hike is also felt directly in consumers' pockets. Mortgage payments are increasing, especially affecting those who have mortgages or other loans with variable rates indexed to Euribor.
This scenario reflects the ECB's fight against inflation, using monetary policy as the main instrument. The expectation is that interest rates will remain high while inflation does not show consistent signs of reduction.
