How do inflation and the rise in interest rates affect my money?
The three European Supervisory Authorities (EBA, EIOPA and ESMA – ESAs) published an interactive factsheet to help consumers understand how the recent increases in inflation and interest rates can affect their money. This includes the financial products and services that consumers currently hold or plan to buy, such as loans, savings, financial investments, insurance and pensions.
In addition, the factsheet provides answers to frequently asked questions and steps consumers can take to deal with the impact of inflation and rising interest rates on their finances.
Financial jargon can at times be intimidating and prevent consumers from understanding crucial financial concepts. To overcome this barrier, the ESAs’ interactive factsheet comes equipped with helpful pop-up boxes that explain specific terms in a simple and easy-to-understand way.