“For some, interest payments have already doubled.” Will Loans Get More Expensive?

For many years, borrowers mostly paid attention only to the interest rate offered by the bank, because the mystical EURIBOR included in the payment calculation has been 0% or even negative for some time. However, since September of this year, in hopes of curbing high inflation, global central banks, including the European Central Bank (ECB), have raised interest rates, something many likely only learned when the monthly payment of the loan was due and the bank “withdrawal” of the amount was more than usual. Of course, the question is: will the rise in borrowing costs be stopped with the latest ECB rate hike, or should we still expect another blow to the portfolio?