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13
Sep 2026
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European Central Bank readies new interest rate rise, and what it means for mortgages and business loans

Germany's Joachim Nagel says a further quarter-point increase is effectively certain as eurozone inflation holds near 3%, with the rise set to filter through to Euribor and then variable mortgages and business loans within weeks

ECB keeps interest rates unchanged at 2.25%, pausing after June hike

The central bank chose to wait and assess the depth of the Middle East crisis before setting its final strategy for the end of 2026

Eurozone economy contracted by 0.2% in the first quarter, complicating ECB interest rate plans

GDP fell by 0.2% according to Eurostat against a previous estimate of 0.1% growth - Ireland's GDP dip "erased" growth at the beginning of the year

The ECB decides on interest rates under the threat of a resurgence in inflation

Conflicts in the Middle East are fueling fears of a new upward trend in inflation

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