The Slovakian hob has borrowed for more than 20 billion loans.
Since the beginning of September, two banks in Slovakia have mortgaged their interest, to the extent of their interest. At Unified Bank, it is possible to obtain a housing loan in Poštová banka with a one-to-six-year commitment of 0.89%, with interest rates at the 5% level for five years.
For years, the longer, the higher the installation. Today, this rule is already a thing of the past. Stylists try to look this way and attract new customers.
However, the question is whether there are still people in Slovakia who would not only want to graduate but could repay them.
Will there be a zero interest rate?
Five years ago, interest rates fell to four to five percent.
Cut European Central Bank actions, which, since the crisis ended in 2008, have sought to revive the economy. Commercial banks thus have access to "cheap" money and can do so at low interest rates.
"One percent of mortgage banks are almost zero for banks," says George Carpi, a right-wing Institute for Economic and Social Analysis.
And they can do even less.
The central bank forces commercial banks not to keep the money but to move it, with an increase of negative interest rate of 0.4%. After the new addition, it has increased to 0.5%. Therefore, some financial houses may have a mortgage interest. If there is a lot of extra mileage in Slovakia, interest rates may be higher along the way.
Sunny mortgage but for anyone?
Mortgage rates have been declining for many years, so the question is whether there are still customers on the market who are able to pay their debt. The situation for politicians does not look too rosy.
"It is likely that quality lenders have already been exhausted. So, in case of an increase in interest, it is possible to lend to a large number of family problem lenders," says Karpish.
It adds that, in the tax system on the market, inflation will not reach three percent if the interest rate is low. "There would be no reasoning to be willing to lend money rather than reduce costs." Said the corpse.
Indeed, due to the mismanagement of the money, the bank would actually receive less than the credit. "This is how the central bank drops the bubbles and turns people into debt," the analysis continues.
According to economists, it is only a matter of time before inflation starts to rise and the central banks are in danger: either to raise interest or to break their flow objective. There has been an increase in utilities of two per cent which is considered to be a target for healthy funds. According to central banks, inflation is detrimental to the economy, as investor incentives are falling – it is enough to keep the money, as inflation does not cost it.
Massiveness, in turn, poses a risk of falling out of control. Currency tries to be reliable for people, to demand more and more original products.
For example, according to Krups, the central bank of Slovakia has blocked the inflation target, as the price rate in Slovakia is around 3%, the wage rate is rising 10% and yet we still have no basic interest. General Chat Chat Lounge
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