The fact that the European Central Bank (ECB) is raising interest rates is the main measure it has to fight against the high inflation we are experiencing, largely caused by the cost of fuel. As individuals, how does this affect us? In short, money will be more expensive for everyone. If the price of money is higher, financing will be too. Consider that, when a bank calculates the interest rate of a loan, the operating margin is added to its cost. Therefore, we can expect an increase in the cost of new consumer loans.