The European Central Bank raised interest rates this Thursday, and the impact is already being felt in payments revised this month. The decision is directly pressuring the budgets of many European families.
The interest rate hike particularly affects those with home loans and other variable rate borrowings. Monthly payments are being revised upward, reducing families' financial capacity.
This increase comes in a context of high inflation in the eurozone, which has led the ECB to take more restrictive measures to control prices. Many families are now facing difficult decisions about their monthly expenses.
The effects of this decision are expected to continue over the coming months, with new payment reviews expected. The pressure on family budgets should remain as long as the ECB maintains this interest rate hike trajectory.
