Euro zone faces divergence in interest rates

The euro zone is experiencing a divergence in interest rates, with the official rate set by the central bank and the rates earned by companies and individuals on their investments. While the official rate is at record levels to cool the economy and curb inflation, the private sector's interest income has increased, supporting growth. However, as more debts come due for refinancing next year, the economy may face challenges.

European citizens and corporations have been accumulating financial assets since the 2008 economic crisis, with the total value reaching a record 34 trillion euros in the second quarter of this year

Loans Loans Latest News, Loans Loans Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Rising Prices and Interest Rates Push Up Monthly Payments for New VehiclesThe average monthly payment for new vehicles in the third quarter reached a record high of $736, driven by higher prices and interest rates. Despite the increase, pent-up demand has kept cars selling well, reducing the need for discounts.
Source: CNBC - 🏆 12. / 72 Read more »

Home buyers increase down payment as mortgage rates riseThe share of a home’s asking price that buyers put down as a down payment has grown to its highest level since 1997, according to a report released by the National Association of Realtors.
Source: MarketWatch - 🏆 3. / 97 Read more »