By Tag Clar Editorial
In recent weeks, the increase in interest rates by the European Central Bank (ECB) has made headlines, but the reality is that only a limited number of banks have passed this increase on to their customers. Recent surveys show that many banks are taking advantage of these changes instead of lowering borrowing rates.
What’s Happening Among Banks?
While some banks are trying to attract more customers by raising savings interest rates, many others continue to use lower rates for their loans. This situation harms customers and indicates an imbalance in the financial market. In fact, this increase in rates has been more beneficial for banks, and the extra profit is not credited to customers' accounts.
Analysts believe that this trend could affect public trust in the banking system and highlight the need for a review of financial and banking policies. Are banks truly concerned about their customers' interests, or are they just looking to increase their own profits?
