The European Central Bank (ECB) decided to raise interest rates this Thursday, prompting concerns about increasing housing costs in Portugal. Portuguese Parliament member Carlos Carneiro has urged the government to reconsider its approach and address proposals aimed at mitigating the impact on homeowners. He specifically highlighted that mortgage payments have been steadily rising for the past eight months. The Social Democratic Party (PS) has expressed worry regarding the growing financial burden on citizens related to housing. Carneiro called for the government to “stop, listen and look” at potential solutions to alleviate the pressure. This decision by the ECB is expected to further exacerbate the existing challenges faced by Portuguese households struggling with affordability. The situation is unfolding against a backdrop of broader economic uncertainty and rising living costs.