According to Yves Nosbusch, chief economist at BGL BNP Paribas, the demand for loans in Luxembourg is still high, but it was slightly lower in 2022 than in previous years.
Since most people in recent years chose a fixed rate for their loan, they are protected against rising interest rates. However, Nosbusch notes that in terms of variable rate loans, there have also been “few difficulties” with reimbursements thus far.
