DECRYPTION – In addition to households, whose purchasing power has been eroded by inflation, it is companies for which the situation is also likely to change.
The ECB’s interest rate hike will make life harder for borrowers, both individuals and businesses. For households whose purchasing power is eroded by inflation, access to mortgages will be more difficult. “The increase in the cost of credit has already excluded 15% of borrowers from the real estate market compared to autumn 2021. Their borrowing capacity has been greatly reduced while the price of stone remains highnotes Maël Bernier, spokesperson for the broker Meilleurtaux.com. This trend will increase.” This is not the only difficulty encountered by loan applicants. The usury rate, that is to say the maximum threshold beyond which banks are not allowed to lend, closes the door to credit for many individuals. This rate, revised every three months, is only increasing slowly (3.05%), while the cost of bank financing has risen significantly. To avoid losing money, many of them have restricted…
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