# European Central Bank tightening sharply increases euro-area borrowing costs

Date: 2022

_No public text on this fact yet._

## Drivers

- Housing Affordability: https://factrail.ai/drivers/housing-affordability

## Sources

_Sources are listed on the canonical page._

## Methodology

https://factrail.ai/methodology

Canonical: https://factrail.ai/facts/ecb-rate-hikes-raise-euro-area-mortgage-costs-2022-2023