FinanceEconomy
ING Boosts Savings Rates to 3.10% After ECB Rate Hike
ING Belgium raises savings rates from July 1, with Tempo Sparen reaching 3.10%. The move follows the ECB's first rate hike in nearly three years.
—4 min read
Tag
4 articles
ING Belgium raises savings rates from July 1, with Tempo Sparen reaching 3.10%. The move follows the ECB's first rate hike in nearly three years.
The ECB raised interest rates by 25 basis points to combat inflation driven by Middle East tensions, increasing credit costs across the Eurozone.
ECB reports gold has overtaken US Treasuries as the largest global official reserve asset, marking a historic shift in central bank reserves.
Belgian mortgage rates hit 4.13%, a 12-year high. Homebuyers pay €30,000 more in interest on a typical loan, adding pressure to the housing market.