The Essentials in Brief • Inflation is rising in many countries. Central banks react by raising interest rates. • Some banks are already planning the rate hike in their offers. • That’s why a loan comparison is all the more worthwhile now.
Finance: Inflation hangs like a dark cloud over the global economy.
Because of the pandemic, governments have greatly increased their debt and central banks have continued to pursue aggressive monetary policies.
This is now taking its revenge, because inflation rates are rising rapidly worldwide.
Even if the national rate of inflation in Switzerland reached only 2.9 per-cent in May 2022,
even this already means a considerable increase compared to the years before.
In many countries, it has even reached a historic record high in recent months,
which will ultimately lead to the end of the low-interest phase.
In order to counteract inflation, the central banks plan to raise the key interest rate in the near future.
And this change in monetary policy not only affects states and financial institutions, but also you:
Because what may please savers on the one hand can lead to frustration on the other hand due to increasingly expensive lending rates.
Act now and quickly secure low interest rates on loans
So don’t hesitate too long if you are planning to buy your own home or make a major purchase, for example.
Banks and other credit providers, some of which are already charging interest rates of over 9 percent, are comparatively expensive.
Some of them are already raising their borrowing rates as a premature reaction to the upcoming changes, which is burdening inflation-plagued customers with further costs.
Compare loan offers and save money
If you are looking for a fair offer, be it for a personal loan, business loan or mortgage – then you are well advised to find out more on lend.ch.
The Zurich fintech not only offers favorable conditions, but also an uncomplicated solution to replace your existing expensive loans
Applying for refinancing with LEND quickly and easily with just a few clicks not only saves you valuable time, but also money in the long term.
Take the opportunity and benefit from the low interest rates while you still have the opportunity.