European base interest rate on a record low

European base interest rate

European base interest rate

The European central bank just reduced some days ago the European base interest rate to a record low of 0,25%. Many experts say that saving isn’t worth it with the European Low-interest-rates-policy, because banks won’t increase the interest rate for savings or deposit accounts in the near future. A high inflation rate combined with low interest rates devours the savings. Therefore, Mr. Georg Fahrenschon, president of the German Savings Bank and Giro Association warns: “More and cheaper money decreases the stimulation to save money.”

With this actual economic background, an investment in a property in Mallorca would be worth thinking about. The company Engel & Völkers is dealing for many years in the intermediation of high-quality properties on Mallorca and worldwide.
Don’t hesitate to contact us, we will find the right Mallorca property for you!

Engel & Völkers Mallorca Central: +34 971621629 or Website

Engel & Völkers Mallorca Süd: +34 871 570000 or Website


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