Explainer: Impact of the interest rate rise

The European Central Bank decided to raise, for the second time this year, the Euro Zone interest rates to 2.5%. This decision represents an increase in interest rates that directly affects the economy of the region. The ECB's interest rate rise has consequences at various economic levels, namely regarding housing loans. This week's explainer analyzed the impact of this rise on the pockets of Portuguese people, detailing how families are affected by the increase in the cost of credit. This measure by the European Central Bank aims to control inflation in the Euro Zone, but its practical effect is to make financing more expensive for the acquisition of housing and other types of loans.