Belgium experiences rising mortgage payments as European Central Bank raises interest rates again. Inflation soars due to energy price impact from Middle Eastern conflict developments recently.
New interest rate hike, a quarter point, makes all Belgian loans more expensive.
Main policy rate now stands at its highest level since March, twenty twenty-five. Economist Bruno Colmant notes long-term interest rates rise significantly worldwide this year.
Ten-year Belgian government borrowing costs reach four percent, mortgage rates exceed that. Typical monthly mortgage payment might rise by around one hundred euros for borrowers.