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Expert call · Senior lender · Frankfurt & DACH

Senior lender, Frankfurt & DACH: your answer wanted

The ECB raised rates by 25 bp at its 10 Sep meeting, effective 16 Sep: deposit rate 2.50%, main refinancing rate 2.65%, moving the arithmetic against anyone refinancing a loan fixed before the reset, in the same half that Frankfurt's investment fell a further 20%.

  1. On a Frankfurt office refinancing this quarter, what margin would you quote in basis points, and how does it compare with the same asset type in Hamburg or Munich? Ranges are fine.
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