ECB set to raise interest rates for first time since September 2023, impacting mortgages across eurozone

Summary

The European Central Bank (ECB) is expected to raise interest rates by 0.25% on June 11, marking the first rate hike since September 2023. This would bring rates to 2.25% and represents a significant shift in eurozone monetary policy, driven by rising inflation. The decision will directly impact mortgages and borrowing costs across the eurozone, signaling a change in the economic cycle.

Source

bskyECB set to raise interest rates for first time since September 2023, impacting mortgages across eurozonediario.publico.es