Increases pressure household budgets: War and inflation dictate interest rate hikes

The European Central Bank is expected to raise interest rates by 25 basis points to 2.50% this Thursday, September 10, to combat inflation that reached 3.3% in the Eurozone in August. Families are already seeing higher costs for fuel, which has topped 2 euros, and housing loans, with the 12-month Euribor rate exceeding 3%.