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 […]
