Comment: Interest rates rise shouldn’t lead to property crash

The doomsayers had a good week. Not only did the European Central Bank (ECB) deliver the expected quarter-point rise in interest rates to 3 per cent, but there was no let-up in the rhetoric to indicate that our central bankers would pause in hiking r

5th August, 2006

The doomsayers had a good week. Not only did the European Central Bank (ECB) deliver the expected quarter-point rise in interest rates to 3 per cent, but there was no let-up in the rhetoric to indicate that our central bankers would pause in hiking rates by a quarter-point for each of the next several quarters.

Then, the Bank of England surprised the markets by pushing rates last week back up to 4.75 per cent, in effect...

Subscribe from just €1 for the first month!

Currency

What's Included

With any subscription you will have access to

  • 971569B3-2C5E-4C45-B798-CEADE16987A8

    Unlimited multi-device access to our iPad, iPhone and Android Apps

  • 099C8662-C57C-42F2-9426-F2F90DF17C8F

    Unlimited access to our eReader library

  • 198AE43B-B9CF-4892-8769-D63C2104BA08

    Exclusive daily insight and opinion seven days a week

  • D8F37B78-25E4-4E4A-A376-4F5789B1564A

    Create alerts to never miss a subject that matters to you

  • B15F2521-37CD-4E02-B898-730A20D39F7F

    Get access to exclusive offers for subscribers on gifts and experiences

  • A564FE02-1AB8-4579-AF9D-BA32A2E5ACA7

    Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine

Share this post

Related Stories

The year in review

Legacy Richie Oakley 1 year ago

Newsround: What Thursday’s papers say

Legacy Leanna Byrne 5 years ago

More cycle routes, expansion of Luas to Bray and new bus network proposed

Legacy Digital Desk 5 years ago