In Italy there are 6.8 million indebted families, around 25% of the total, of which 3.5 million have a mortgage to buy a house. This is highlighted by the mortgage and consumer credit dossier of Fabi, the Italian Autonomous Federation of Banks. After the ECB meeting on Thursday, February 2, which approved a new increase […]
Tag: Taxi
ECB, another bite in rates to reduce inflation. In March, a new walk
Yet another intervention against inflation by the European Central Bank. The Governing Council decided to increase the three ECB interest rates by 50 basis points. Thus, the interest rates on the main refinancing operations, the marginal lending facility and the permanent deposit facility will be increased to 3.00%, 3.25% and 2.50%, respectively, with effect from […]
Rates and War: Escape the Mortgage
Rates are biting, the ECB’s hand started to get heavy as early as July last year. And certainly inflation, war and a dash of speculation didn’t help. The fact is that in 2022 real estate mortgage applications in Italy fell by 22.7% compared to the previous year. It means that families have temporarily suspended the […]
Uber makes peace with taxi drivers: rides will cost at least 10 euros
A deal “unprecedented in France” will guarantee taxi drivers across all platforms a minimum income per trip. From 1 February 2023, the fare will be €7.65 net for each trip made. For customers, this means that they will have to pay around 10.20 Euros gross for the shortest possible trip, to which must be added […]
Rates on the rise, mortgages never so high: interest rates soar
You could call it the Lagarde effect. Squeeze after squeeze, rise after rise, the ECB’s monetary overturn, decided at the height of last summer, when inflation had already been on the rise in Europe for some time, continues to affect the cost of money for households and businesses. The proof of this can be found […]
Crisis in rates, alarm of economists: “The ECB will blow up Italy”
Talk to the daughter-in-law because the mother-in-law understands. This appears to be the ultimate aim of an article published yesterday by the Financial Times attacking the European Central Bank’s monetary policy. The increase in interest rates is very fast and without gradualness. Which, started to fight inflation, risks becoming a boomerang for all European countries. […]
Financial Times alarm on Italy: ECB triggering crisis, risk of default
Italy will be the euro zone country most exposed to a debt crisis after the ECB’s policy of raising interest rates and fewer bond purchases. This is what reveals a survey by the Financial Times that asked for an evaluation of some leading economists: of these, 9 out of 10 indicated Italy as the Eurozone […]
Bags in dark red, Crosetto flattens Lagarde: “Thank you for the Christmas present to Italy”
European stock markets closed in the dark red after the ECB’s decision to raise interest rates by 50 basis points. And Guida Crosetto loses her temper on Twitter. President Christine Lagarde explained that a “hawkish” hard line will continue in the coming months, with further increases possible. In March, then, the Quantitative Tightening will begin, […]
The Fed raises interest rates, which happens. Powell: “Restrictive Policy”
As announced by Jerome Powell and widely expected by analysts, in December the Federal Reserve slowed down with one last rate hike for 2022 by 50 basis points. At the end of the two days of the Federal Open Market Committee, the Fed Funds thus move to the target range of 4.25%-4.5% compared to the […]
ECB, what does the new rate hike mean? Lagarde freezes Italy
Christine Lagarde speaks and the cost of Italian debt rises. It’s a shame because the Governor of the Bank of Italy, Ignazio Visco, did everything he could to try to convince the President of the ECB that yes, inflation must be fought and rates must be raised, but with caution and judgment, no Federal Reserve […]