The European Central Bank decided to raise euro zone interest rates to 2.5%. This decision represents an increase in interest rates that affects the entire European monetary area.
The decision has consequences at various levels, namely with regard to housing credit. Commercial banks tend to reflect this increase in the rates they offer consumers.
This week's Business Journal explainer addresses the impact of this increase on Portuguese wallets. Property owners and buyers in Portugal directly feel the effects of this increase on the monthly payments of their loans.
