Tipus Interes Legal Andorra

The recipe for interest rate hikes will end in unemployment and recession for the lower classes, as sacrifices to the recovery of big business and banks. China, Russia, India and Brazil win with sanctions and blockades, while Europe plunges into misery as a victim. On the contrary, Europe still has countries that have not recovered from the pandemic, and inflation mainly affects certain products, not in general terms, in addition to the fact that unemployment remains high. Indeed, there are two Europes, the North, which is much more willing to pursue a determined strategy to fight inflation, and the South, where economies are further weakened by the effects of the pandemic, where wages are not rising and unemployment is not falling to desirable levels. Given this situation, the ECB is aware that it will have to balance as usual, as it cannot get a vein in its eyes in the face of core inflation, and it will certainly take action and raise interest rates in the second half of this year 2022, because it cannot afford a depreciation against the dollar. the reference currency in international trade. Andorra, no doubt influenced by the decisions on our reference currency, the euro, and by its enclave between France and Spain, will have no choice but to accept the ECB`s decisions. In this respect, inflation that is too high and decompensated in relation to wage growth leads to a loss of purchasing power for citizens. On the other hand, rising rates will mean that the cost of our mortgages will also work in each other`s pockets, in addition to reducing the likelihood of debt for companies that do not have the same liquidity to make new investments.

In the table, we show the current interest rates of the central banks of different countries. If you click on each of them, you can see their evolution. #1 Kill inflation in pipelines. (19/09/22 07:13) And since Andorra is not dependent on its neighbors, we will follow the road without fear. Rather, I believe that elections are approaching and that voters need to be confident that the “experts” support the “good” work of government. I don`t believe it.