The European Central Bank (ECB) decided to raise the interest rate, a decision that has a direct impact on consumers with variable-rate mortgages.
For borrowers with mortgages indexed to Euribor, this ECB interest rate hike translates into an increase in the cost of financing.
The practical effect of this decision is verified when the time comes for the Euribor rate review, causing borrowers' monthly payments to rise.
The article raises the question of which decisions consumers should consider reviewing given this new scenario of higher interest rates.
