The new interest rate hike by the European Central Bank will keep household budgets under pressure. The ECB has already raised interest rates and everything indicates that this will not be the last time it does so in the near future.
At the same time, high oil prices continue to contribute to the worsening of families' financial situation. This maintenance of high energy costs adds to the direct impact of the interest rate increase.
The combination of these two factors represents a double challenge for domestic finances, which see their purchasing power reduced both by the cost of credit and by the increase in spending on fuels and energy.
