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Euro zone faces divergence in interest rates

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Euro Zone,Interest Rates,Central Bank

The euro zone is experiencing a divergence in interest rates, with the official rate set by the central bank and the rates earned by companies and individuals on their investments. As more debts come due for refinancing next year, the economy may face challenges.

The euro zone is experiencing a divergence in interest rates, with the official rate set by the central bank and the rates earned by companies and individuals on their investments. While the official rate is at record levels to cool the economy and curb inflation, the private sector's interest income has increased, supporting growth. However, as more debts come due for refinancing next year, the economy may face challenges.

European citizens and corporations have been accumulating financial assets since the 2008 economic crisis, with the total value reaching a record 34 trillion euros in the second quarter of this year

 

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