Sunday March 29, 2020

ECB to raise interest rates this week

Interest rates are set to rise again this week, with the European Central Bank poised to announce another increase on Thursday, the fourth rise since December.

29th July, 2006

Interest rates are set to rise again this week, with the European Central Bank poised to announce another increase on Thursday, the fourth rise since December. Market analysts believe that the ECB will announce a 0.25 point increase, bringing its base rate to 3 per cent.

Most now anticipate further rises in the second half of the year, possibly leaving rates at 3.5 per cent in December.

News of the latest ECB rate rise follows CSO figures last...

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