High Interest Rates: The Ripple Effect on Banks, Consumers, and Digital Banking
- Ramya Mohan
- Mar 10, 2023
- 10 min read
Updated: Mar 20, 2023
As we enter 2023, the financial landscape in the EU and UK continues to be shaped by the COVID-19 pandemic. In this blog, we'll explore the current situation of Digital Banking brands, profitable businesses, and high-interest rates on savings that have become the norm, making consumers to save and earn a return on their deposits, high-interest rates in lending and examine examples of how banks and fintech companies are adapting to the current conditions.