The ECB's decision to leave key interest rates unchanged is understandable and correct. Despite the poor economic situation, there is still a risk that inflation will rise again.
The main reason is better refinancing conditions. New business is increasing, but less strongly than in Q2. Banks are financing on a larger scale again. Falling margins as a sign of increasing competition.
After 100 days of the new federal government, I see bright and dark sides for the real estate industry. It started with great promises for more economic growth.
It will be exciting to see how the ECB will decide at the next interest rate date in September. At least one more interest rate cut this year has already been priced in on the financial markets.
