ECB rate increase
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So it's happened. Monthly payment has gone up. Not a huge amount this time, but it is the beginning of a slippery slope.
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There are mainly two scenarios. The first one is the hike one, by which what is happening continues to happen, that is, rates hike at fast paces and well... stop a bit the property market turnover hence a basis of the Spanish economy. The second one is basically the one by which the ECB goes back to lower rates given the big electricity-driven crisis that may take place in the coming months.
All in all, both scenarios look pretty bad.
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