Boardroom: Low interest rates set to rise

All good things come to an end. The low interest rates that have benefited borrowers and driven the housing market are set to rise.

19th November, 2005

All good things come to an end. The low interest rates that have benefited borrowers and driven the housing market are set to rise.

In an extraordinary departure, the ECB president as much as announced a quarter point rise at a banking conference on Friday. The trigger is set to be pulled at the ECB council meeting on December 1.

The big question is how far rates will go up. Many economists have switched horses and...

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