Source: European Central Bank (video statements)
📊 What are interest rates—and why do they matter?
In this video, we explain what interest rates are, how they are determined, and how they influence the economy—from your savings to your mortgage and business loans.
This video is part of our “Statistics Explained” series, based on the “Statistics explained” section of the ECB Data portal, which provides easy-to-understand background information on statistical concepts and methodologies.
🔎 Learn more about interest rates on the ECB Data portal: https://data.ecb.europa.eu/methodology/what-are-interest-rates
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