ECB, towards a cut in interest rates in 2024?

ECB, towards a cut in interest rates in 2024?

At the end of October, the European Central Bank (ECB) suspended the rate hike after 10 consecutive increases, which started in July 2022. The economist Osama Rizvi explains to Euronews Business what are the prospects for interest rates. The next ECB meeting will take place on 14 December 2023, and analysts predict that the European Central Bank will lower interest rates, but last time it kept them at 4 %. Rising interest rates have a negative impact on consumers, as mortgages and interest on other loans become very expensive. In addition, the increase in costs for businesses (now that interest rates are high) affects consumers, who pay more for consumer […]

Taxes, what are they?

Taxes, what are they?

DEFINITION: Taxes are mandatory contributions paid in cash by individuals or corporations and they’re levied by a government entity, if somebody don’t respect the payment of taxes, it’s tax evasion and is punishable by law. Taxes are  the primary source of revenue for most of the government  and as a result it’s very important that only citizen pay it, because they’re useful to finance government activities, including public works or services like roads, schools, public means of transport, hospital, pay the salary of public workers… , so they’re necessary for the betterment of the economy and all who living in the country. In the United States and many other countries […]