Interest cuts are approaching! Savers and borrower benefit now!
Interest cuts are approaching! Savers and borrower benefit now!
Deutschland - The interest rate cuts of the European Central Bank (ECB) have noticeable effects on the German financial market. Consumers and companies face significant changes that will influence their financial decisions. According to mdr , overnight money savers will soon find the consequences of these decisions. Experts currently recommend investing overnight money with interest of 2.4 or 2.5 percent for the next few months, since the offers will become less in the foreseeable future and the interest is expected to fall to around two percent.
Not only for consumers, also for companies, the interest rate reduction brings advantages. These can take out cheaper loans, which is favored by the recent interest reductions. The positive development on the stock exchange, with a DAX that has reached record courses, reflects confidence in the economic impulses. This upward movement is also supported by an announcement by the Federal Minister of Finance, which makes it easier to write down investments better.
insight into the interest policy of the ECB
2024 marked a turning point for the ECB, which lowered its key interest rates four times. These measures arise from the endeavor to combat inflation and strengthen the weak economy in Europe. According to Tagesschau , the interest rate cuts have mainly led to loans, which ultimately benefits companies and consumers.
However, the interest rate cuts do not have the direct influence on building interest rates that many expect. These are more oriented towards government bonds and pawns. Forecasts indicate that the average building interest rates will not fall strongly in 2025; Interhyp expects interest of around 3 to 3.5 percent for ten -year loans.
outlook and challenges
The ECB has promised a further reduction in interest rates to around two percent for 2025. Despite the progress achieved, the risks of economic growth, especially in Germany, have increased. Inflation in the euro zone was 2.2%in November, while the prices for food and services remain high. Many consumers report a reduced purchasing power, even if wages have risen.
In the long term, a decline in the inflation rate is expected. For 2025, the forecast inflation is 2.1%, which indicates a emerging disinflation process, even if the majority of the measurement variables indicate sustainable inflation by the target value of 2%. The ECB will flexibly adapt its monetary policy decisions and also take into account future uncertainties due to geopolitical events and economic developments, which could influence the interest strategy, as from the statement by the ECB council, cited by ecb . In summary, it can be stated that the current interest rate reductions of the ECB bring both challenges and opportunities for consumers and companies alike. A clever finance decision is all the more important in this economic environment.| Details | |
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