Rise in Key Interest Rate Hit Poorer Households Harder, ECB Economists Say
NegativeFinancial Markets

A recent analysis by ECB economists indicates that the rise in key interest rates has disproportionately affected poorer households in Europe. This development comes amid growing concerns about income inequality, with many Europeans believing that it has worsened since the inflation surge began. The findings highlight the economic challenges faced by lower-income groups as they navigate the financial landscape shaped by increasing interest rates.
— via World Pulse Now AI Editorial System

