The European Central Bank (ECB) has kept its base interest rate on loans at zero. This was stated on Thursday, February 3, in the decision of the board of governors of the regulator.
It is noted that the rate on deposits also remained at the same level (-0.5%), as well as the rate on short-term loans of the ECB (0.25%).
The bank’s management believes that “key interest rates will remain at the current level or lower until inflation reaches 2% by the end of the forecast horizon.”
Stabilization of inflation at the target level can be achieved in the medium term, the ECB added.
On January 10, Russian banks told Izvestia that in the face of the Central Bank’s increase in the key rate, some credit institutions had to raise mortgage rates.
Director General of the National Rating Agency Alina Rozentsvet told Izvestia that in 2022 mortgage rates outside preferential programs will, on average, exceed the key level by 1–1.5% and may go beyond 10%. According to DOM.RF, among the 15 largest banks in the mortgage market, the rate at the end of November was slightly below 9% for new buildings and 9.27% for secondary housing.
Source: IZ
Jane Stock is a technology author, who has written for 24 Hours World. She writes about the latest in technology news and trends, and is always on the lookout for new and innovative ways to improve his audience’s experience.
