September has just begun but is already promising to be a month of great difficulty for families and businesses. Mortgage payments have increased by up to 20 percent since the beginning of the year and the European Central Bank will announce a further rate hike this week.
Citizens and companies that have signed a variable rate contract are eagerly awaiting the bank's monthly communications: installments have risen to over 13 percent since January.
For example, in the case of a loan of 126 thousand euros to be repaid in 25 years, in January they paid 456 euros. Now, according to the simulations of Facile.it, 515 euros are needed.
As Maria Amelia Lai, president of Confartigianato Imprese Sardegna explains, "the rise in interest rates and the credit crunch that are about to arrive are two bad news for businesses, especially small ones: these two factors, put together, we are afraid they are the alarm of a sharp slowdown in the economy ”.
CURRENT ACCOUNTS - It is well known that stationary money loses value: keeping 10 thousand euros in the account means having 9,210 euros in twelve months, but this does not discourage savers, who continue to accumulate. In this way, however, "the purchasing power of a family is eroded - underlines Federico Cinus, financial consultant and expert in savings management - Which would not happen if that money were invested in another way".
(Unioneonline)
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